48505 — Genesee County, Michigan Market Snapshot
Housing market data for zip code 48505 in Genesee County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
35 sales in 2026 (year to date)
Median Sale Price
$50,000
Days to Sell
50
Homes Sold
35
Inventory
50
Sale-to-List
92.7%
New Listings
55
Price/SqFt
$39
Pending Sales
40
Conforming Loan Available
Most homebuyers in 48505 can comfortably use conventional financing. The median home price of $50,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
48505's market is balanced with homes taking an average of 50 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 48505 sells for 7.3% below asking price (92.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 48505 can comfortably use conventional financing. The median home price of $50,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48505 are set at the county level.
2026 Loan Limits — Genesee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48505
To purchase the median home at $50,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $533.
Monthly Payment
$533
Income Required
$22,846
Principal & Interest
$308/mo
Down Payment (5%)
$2,500
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48505.
Estimated Monthly Payment
$459
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