Mortgage Lender in Plymouth, MI

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Tucked between metro Detroit and Ann Arbor, the 48170 ZIP wraps the small City of Plymouth around the much larger Plymouth Charter Township, together roughly 41,000 residents across about 17,720 households. The local economy leans on automotive engineering and precision manufacturing, with employers like Adient, Brembo, Varroc, and a Rivian R&D presence layered over a walkable boutique downtown of 75-plus shops and restaurants anchored by Kellogg Park and the restored 1941 Penn Theatre. Seasonal draws like the Plymouth Ice Festival and the Plymouth Fall Festival (running since 1956) keep the area lively year-round. With a median household income around $112,000 and easy access to I-96 and M-14, it functions as an affluent bedroom community for professionals working in both Detroit and Ann Arbor.

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Plymouth is one of Wayne County’s pricier markets. The typical 48170 home sits around $500,000, with sources ranging from about $480K (Zillow) to $605K (Redfin, for the smaller City of Plymouth) depending on whether you measure the City or the broader ZIP. Year-over-year gains read anywhere from a typical mid-single-digit pace to an outlier +34.2% that low inventory likely inflated. What’s not in doubt is the speed: homes generally go pending in about 9 days, “hot” listings in roughly 5, and Redfin scores the market 81/100 for competitiveness, with many homes closing about 2% over list. Limited supply, strong schools, and downtown walkability drive that demand.

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Plymouth Real Estate & Mortgage Overview

At a ~$500K median, plan on roughly $130,000-$150,000 in household income to buy comfortably, about $3,100/month for principal, interest, taxes, and insurance with 20% down prevailing rates, which fits a 28% front-end ratio at about $134K. Property taxes matter here: the median annual bill is about $3,851 at a Wayne County effective rate near 1.31%, and Michigan’s taxable value “uncaps” to market value when you buy, so budget for a higher first-year bill than the seller paid. MSHDA programs and FHA/VA/conventional low-down options all work in Plymouth, but because prices here push toward conforming limits, confirm loan limits and any program price caps before you shop.

What it's Like to Live in Plymouth

Downtown Plymouth (~$400K-$1M+): Walkable historic district around Kellogg Park, older homes and condos commanding a premium for location and charm.
Lake Pointe / Lake Pointe Village (~$400K-$700K+): Established Plymouth Township subdivision south of Five Mile and west of Haggerty; buyers pay up for the setting.
Trailwood (~$400K-$600K): Popular family neighborhood of mostly move-in-ready 1970s single-family homes.
Plymouth Pointe (~$160K-$300K): 144 ranch-style condos (built 1993-95, 1,000-2,000 sq ft), the most affordable entry point and a downsizer favorite.
Plymouth Township (broader) (~$350K-$700K+): Newer subdivisions and larger lots that make up the bulk of 48170’s housing stock.

All of 48170 feeds Plymouth-Canton Community Schools, Michigan’s 5th-largest district (~16,200 students, 25 schools). Downtown Detroit is about 25 miles / 30-35 minutes via I-96 or M-14/I-275, and Ann Arbor is roughly 20 minutes west on M-14.

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Plymouth Mortgage FAQ's

What is the median home price in Plymouth, MI 48170?

As of 2026, the typical home in the 48170 ZIP runs around $500,000, with sources ranging from about $480,000 (Zillow) to roughly $500K-$605K depending on whether you measure the small City of Plymouth or the broader ZIP that includes Plymouth Township. It’s one of the pricier markets in Wayne County, well above the Michigan statewide median of about $294,000.

How fast do homes sell in Plymouth?

Very fast. Homes in 48170 typically go under contract in about 9 days, and the most desirable ‘hot’ homes in roughly 5 days. Redfin scores the market 81 out of 100 for competitiveness, and many homes sell at or slightly above list price with multiple offers, so buyers should be pre-approved and ready to move quickly.

What are property taxes like in Plymouth, MI?

The median annual property tax bill in Plymouth is about $3,851, reflecting a Wayne County effective rate near 1.31%. Michigan taxes are based on a property’s taxable value times the local millage, and taxable value can only grow 5% or the rate of inflation per year until the home sells, at which point it ‘uncaps’ to market value. Budget for a higher tax bill in your first year of ownership than the prior owner paid.

What income do I need to buy a median-priced home in Plymouth?

Roughly $130,000-$150,000 a year. On a ~$500,000 home with 20% down at prevailing rates, you’re looking at about $3,100/month for principal, interest, taxes, and insurance, which fits comfortably within a 28% front-end ratio at about $134K of household income. For context, the City of Plymouth’s median household income is about $112,000, so many buyers put more down or buy below the median.

Which neighborhoods should I look at in Plymouth?

Downtown Plymouth offers walkable historic homes near Kellogg Park (often $400K to $1M+). Established subdivisions like Lake Pointe Village and Trailwood are popular with families in the $400K-$700K range, while Plymouth Pointe condos ($160K-$300K) are a more affordable entry point for first-time buyers and downsizers. The broader Plymouth Township makes up most of the ZIP’s newer housing stock.

Are there first-time homebuyer programs that work in Plymouth?

Yes. Michigan State Housing Development Authority (MSHDA) programs, including the MI Home Loan and down payment assistance, can be used in Plymouth, and FHA, VA, and conventional low-down-payment loans are all options. Because 48170 is a higher-priced market, it’s worth confirming current loan limits and any program income/price caps with your lender before you shop.

Serving Plymouth, MI and Surrounding Areas

Our Service Areas

Michigan Counties We Serve: Genesee, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, Saint Clair, Washtenaw, Wayne

If you’re in or around any of the locations listed above, Align Lending has you covered! Contact us to make a service appointment now!