48044, Macomb, MI

The 48044 zip code of Macomb, Michigan has a median home value of $128,000 and a median home equity value of $102,000. The 48044 zip code has a population of about 113,000 people and is located in the Detroit metropolitan area.

There are several factors that contribute to the high home values in the 48044 zip code. First, Macomb is one of the most affluent suburbs in Michigan and has a high rate of homeownership. Second, there is a strong demand for housing in this area due to its proximity to downtown Detroit and other major businesses and attractions. Finally, Macomb is an affluent area with a low rate of unemployment and few vacant homes for sale.

Despite these positive factors, there are some challenges facing home buyers in the 48044 zip code. One issue is that prices have risen significantly faster than incomes over the past few years, making it difficult for many people to afford a home on their own. Another challenge is that there are not enough available homes for sale in this area, which has led to bidding wars and higher prices.