48623 — Saginaw County, Michigan Market Snapshot
Housing market data for zip code 48623 in Saginaw County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
38 sales in 2026 (year to date)
Median Sale Price
$336,750
Days to Sell
8
Homes Sold
38
Inventory
31
Sale-to-List
99.5%
New Listings
57
Price/SqFt
$180
Pending Sales
42
Conforming Loan Available
Most homebuyers in 48623 can comfortably use conventional financing. The median home price of $336,750 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
48623 is an extremely competitive market with homes selling in just 8 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 48623 (99.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48623 can comfortably use conventional financing. The median home price of $336,750 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 48623 are set at the county level.
2026 Loan Limits — Saginaw 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 48623
To purchase the median home at $336,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,730.
Monthly Payment
$2,730
Income Required
$117,003
Principal & Interest
$2,075/mo
Down Payment (5%)
$16,838
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 48623.
Estimated Monthly Payment
$2,234
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