48070 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48070 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$484,000
Days to Sell
13
Homes Sold
11
Inventory
4
Sale-to-List
102.0%
New Listings
12
Price/SqFt
$284
Pending Sales
16
Conforming Loan Available
Most homebuyers in 48070 can comfortably use conventional financing. The median home price of $484,000 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
48070 is an extremely competitive market with homes selling in just 13 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48070 (102.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48070 can comfortably use conventional financing. The median home price of $484,000 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 48070 are set at the county level.
2026 Loan Limits — Oakland 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 48070
To purchase the median home at $484,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,858.
Monthly Payment
$3,858
Income Required
$165,354
Principal & Interest
$2,982/mo
Down Payment (5%)
$24,200
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 48070.
Estimated Monthly Payment
$3,145
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