49256 — Lenawee County, Michigan Market Snapshot
Housing market data for zip code 49256 in Lenawee County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$132,250
Days to Sell
85
Homes Sold
16
Inventory
12
Sale-to-List
99.3%
New Listings
14
Price/SqFt
$113
Pending Sales
17
Conforming Loan Available
Most homebuyers in 49256 can comfortably use conventional financing. The median home price of $132,250 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
With homes sitting for 85 days on average, 49256 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 49256 (99.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 49256 can comfortably use conventional financing. The median home price of $132,250 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 49256 are set at the county level.
2026 Loan Limits — Lenawee 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 49256
To purchase the median home at $132,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,163.
Monthly Payment
$1,163
Income Required
$49,854
Principal & Interest
$815/mo
Down Payment (5%)
$6,613
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 49256.
Estimated Monthly Payment
$968
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