48915 — Ingham County, Michigan Market Snapshot
Housing market data for zip code 48915 in Ingham County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
43 sales in 2026 (year to date)
Median Sale Price
$134,900
Days to Sell
40
Homes Sold
43
Inventory
46
Sale-to-List
97.2%
New Listings
60
Price/SqFt
$113
Pending Sales
54
Conforming Loan Available
Most homebuyers in 48915 can comfortably use conventional financing. The median home price of $134,900 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
48915's market is balanced with homes taking an average of 40 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 48915 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 48915 can comfortably use conventional financing. The median home price of $134,900 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 48915 are set at the county level.
2026 Loan Limits — Ingham 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 48915
To purchase the median home at $134,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,184.
Monthly Payment
$1,184
Income Required
$50,724
Principal & Interest
$831/mo
Down Payment (5%)
$6,745
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 48915.
Estimated Monthly Payment
$985
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 48915. Tell us what you're looking for.