48084, Troy, MI

The 48084 zip code of Troy, MI has a median home value of $111,000 and a median home equity value of $128,000. The 48084 zip code has a population of around 16,000 people and is located in the Metro Detroit area.

There are many factors that contribute to the high home values in the 48084 zip code of Troy, MI. First and foremost, Troy is located in one of the most desirable areas in Michigan. Second, Troy's economy is strong and stable, which leads to increased demand for homes. Finally, there is a limited supply of homes available in the 48084 zip code due to zoning restrictions and other factors. As a result, home prices have risen significantly over the past few years.

It is important to note that not all homeowners in the 48084 zip code have benefited from these high home values. In fact, there are many homeowners who are struggling to afford their mortgages due to sky-high prices. While it is true that homeownership rates in Troy are high compared to other areas of Michigan, it may not be sustainable for long if prices continue to rise at this rate.