48021, Eastpointe, MI

Eastpointe, Michigan is located in Wayne County and has a population of approximately 25,000. The 48021 zip code covers a total area of just over 10 square miles and has a median home value of $236,000. Home equity in Eastpointe has been on the rise for the past few years, with values increasing by an average of 7.5% annually.

There are several factors that have contributed to the increase in home equity values in Eastpointe:

The economy is improving – this can lead to more people buying homes and making repairs/updates to them, which will increase their value.

The availability of affordable housing – there are many new developments being built in Eastpointe that are providing more options for homeownership. This means that even if someone isn’t able to afford the asking price for a home, they may be able to find something they’re interested in that falls within their budget.

Low interest rates – this has helped people who are looking to borrow money against their home equity feel more comfortable doing so. Additionally, it makes it easier for people who have already invested in their homes (through refinancing or adding additional features) to see those investments continue to grow over time.