48209 — Wayne County, Michigan Market Snapshot
Housing market data for zip code 48209 in Wayne County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$136,500
Days to Sell
21
Homes Sold
16
Inventory
22
Sale-to-List
96.4%
New Listings
28
Price/SqFt
$91
Pending Sales
17
Conforming Loan Available
Most homebuyers in 48209 can comfortably use conventional financing. The median home price of $136,500 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 48209 are moving quickly at 21 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 48209 sells for 3.6% below asking price (96.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 48209 can comfortably use conventional financing. The median home price of $136,500 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 48209 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 48209
To purchase the median home at $136,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,196.
Monthly Payment
$1,196
Income Required
$51,249
Principal & Interest
$841/mo
Down Payment (5%)
$6,825
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 48209.
Estimated Monthly Payment
$995
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