48074, Smiths Creek, MI

The 48074 zip code of Smiths Creek, MI is located in the southeastern corner of Oakland County and has a population of about 10,000. The median household income in this zip code is about $60,000, which is lower than the statewide median household income of $79,000. However, the percentage of households earning less than $30,000 is much higher in this zip code (35%) than it is statewide (14%).

The average home value in Smiths Creek is about $156,500. This is much higher than the statewide average home value of $117,200. The percentage of homes that are owner-occupied in this zip code (68%) is much higher than the statewide percentage (54%). Additionally, the percentage of homes that are rented is also much higher in Smiths Creek (27%) than it is statewide (15%).

There are a number of factors that may contribute to the high home values in Smiths Creek. First and foremost, this area has a high concentration of affluent residents who may be able to afford to purchase more expensive homes. Additionally, there are relatively few low-cost housing options available within this zip code which may drive up prices for properties that do exist. Finally, Smiths Creek has seen strong growth over the past several years which may have contributed to increased demand for housing units and consequently increased prices.