48116 — Livingston County, Michigan Market Snapshot
Housing market data for zip code 48116 in Livingston County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
68 sales in 2026 (year to date)
Median Sale Price
$447,250
Days to Sell
21
Homes Sold
68
Inventory
38
Sale-to-List
101.8%
New Listings
100
Price/SqFt
$220
Pending Sales
85
Conforming Loan Available
Most homebuyers in 48116 can comfortably use conventional financing. The median home price of $447,250 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
Homes in 48116 are moving quickly at 21 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48116 (101.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48116 can comfortably use conventional financing. The median home price of $447,250 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 48116 are set at the county level.
2026 Loan Limits — Livingston 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 48116
To purchase the median home at $447,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,577.
Monthly Payment
$3,577
Income Required
$153,286
Principal & Interest
$2,756/mo
Down Payment (5%)
$22,363
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 48116.
Estimated Monthly Payment
$2,918
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