48180 — Wayne County, Michigan Market Snapshot
Housing market data for zip code 48180 in Wayne County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
140 sales in 2026 (year to date)
Median Sale Price
$184,950
Days to Sell
28
Homes Sold
140
Inventory
81
Sale-to-List
100.5%
New Listings
181
Price/SqFt
$159
Pending Sales
182
Conforming Loan Available
Most homebuyers in 48180 can comfortably use conventional financing. The median home price of $184,950 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 48180 are moving quickly at 28 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 48180 (100.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48180 can comfortably use conventional financing. The median home price of $184,950 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 48180 are set at the county level.
2026 Loan Limits — Wayne 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 48180
To purchase the median home at $184,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,567.
Monthly Payment
$1,567
Income Required
$67,158
Principal & Interest
$1,140/mo
Down Payment (5%)
$9,248
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 48180.
Estimated Monthly Payment
$1,295
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