48063, Columbus, MI

The 48063 zip code of Columbus, MI has a median home value of $130,000. This is significantly lower than the statewide median home value of $227,500. The 48063 zip code also has a low rate of home equity ownership at just 36%. This is significantly lower than the statewide rate of 59%. There are several factors that may contribute to these low rates of home equity ownership in the 48063 zip code. One reason may be that there are a high number of homes that are worth less than their mortgages. Another reason may be that there is a high level of foreclosure activity in this area. Finally, it is likely that many residents in the 48063 zip code do not have enough money saved up to cover a significant down payment on a home.