48038, Clinton Township, MI

Clinton Township is located in Macomb County, Michigan and has a population of approximately 97,000. The 48038 zip code covers a total area of 9.5 square miles and has a median household income of $75,000. Home prices in the Clinton Township zip code have increased significantly over the past few years, reaching an all-time high of $269,900 in August 2017.

The majority of homes in the Clinton Township zip code are owner-occupied. The average home value in the 48038 zip code is $169,500, which is higher than the statewide average of $144,600. Additionally, home values have increased by an average of 10% annually over the past five years. This rapid growth can be attributed to several factors including low interest rates and increasing demand for housing within Macomb County.

Despite these positive trends, there are some challenges facing home buyers in the Clinton Township zip code. One issue is that there are not enough available homes for sale within the area; as a result, prices have risen faster than average incomes. Additionally, many homeowners in Clinton Township are underwater on their mortgages - meaning that they owe more on their homes than their properties are worth - which could lead to foreclosure if no action is taken to address the situation.