48076, Southfield, MI

The 48076 zip code of Southfield, Michigan is located in the Detroit metropolitan area. The median home value in this zip code is $137,000 and the median home equity value is $111,000. The 48076 zip code has a population of approximately 209,000 people.

There are a number of factors that contribute to the high home values in the 48076 zip code of Southfield, Michigan. One reason is that this area has a high concentration of affluent residents who are able to afford to buy homes at high prices. Additionally, many homes in this zip code are located in desirable neighborhoods which also contributes to their high values.

Despite these high home values, there have been some concerns about the stability of the market in the 48076 zip code of Southfield. In recent years, there has been an increase in home foreclosures and short sales which could lead to a decrease in home values over time. However, it is still too early to tell whether or not this will happen.