48183 — Wayne County, Michigan Market Snapshot
Housing market data for zip code 48183 in Wayne County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
73 sales in 2026 (year to date)
Median Sale Price
$282,000
Days to Sell
12
Homes Sold
73
Inventory
37
Sale-to-List
102.2%
New Listings
103
Price/SqFt
$186
Pending Sales
93
Conforming Loan Available
Most homebuyers in 48183 can comfortably use conventional financing. The median home price of $282,000 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
48183 is an extremely competitive market with homes selling in just 12 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes in 48183 are selling 2.2% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 48183 can comfortably use conventional financing. The median home price of $282,000 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 48183 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 48183
To purchase the median home at $282,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,311.
Monthly Payment
$2,311
Income Required
$99,025
Principal & Interest
$1,738/mo
Down Payment (5%)
$14,100
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 48183.
Estimated Monthly Payment
$1,895
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