Zip Code:
48005, Armada, MI
48005 is a Michigan Zip code within the city of Armada and the county of Macomb County. Its population is roughly 5,509.
The Real Estate Market in Armada, MI
Home Equity in Armada, MI
The average home equity in Armada, MI is $101,000. This means that homeowners have the ability to borrow up to 100% of the value of their home. Home prices in Armada, MI have increased by an average of 9.5% over the past year. This has led to a decrease in the percentage of homeowners with negative equity from 16% to 12%.
Home Prices in Armada, MI
The average home price in Armada, MI is $128,000. This represents a 9.5% increase over the past year and a 5% increase over the past two years. The percentage of homes sold for more than their asking price has increased from 50% to 60%.
Price Index: Warren-Troy-Farmington Hills, MI (MSAD)
Zip codes nearby
| Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
|---|---|---|---|---|---|---|---|---|
| 48062 | 9,604 | 93.9 | America/Detroit | 42.84900 | -82.79989 | Richmond | Macomb County | Michigan |
| 48096 | 4,010 | 42.3 | America/Detroit | 42.76136 | -82.92003 | Ray | Macomb County | Michigan |
| 48002 | 3,224 | 33.5 | America/Detroit | 42.93908 | -82.92600 | Allenton | St. Clair County | Michigan |
| 48050 | 1,416 | 29.5 | America/Detroit | 42.78482 | -82.80142 | New Haven | Macomb County | Michigan |
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