48092, Warren, MI

Warren is located in Macomb County, Michigan and has a population of approximately 97,000. Home equity and home prices in the 48092 zip code have increased significantly over the past few years. In March of 2017, the median home value was $158,000 and the median home equity was $101,200. This represents an increase of 66% and 116%, respectively.

The 48092 zip code is experiencing a significant increase in home values due to its proximity to Detroit Metropolitan Area (DMA). The DMA is one of the most diverse and economically prosperous regions in the United States. It has a population of more than 6 million people and is home to many major corporations including Ford Motor Company, General Motors Company, Chrysler Corporation, and Toyota Motor Corporation. These companies are responsible for creating thousands of jobs throughout Warren and surrounding areas.

Another contributing factor to the increase in home values in Warren is its strong economy. The unemployment rate in Macomb County was 3% as of March 2017 which is lower than the national average unemployment rate of 4%. Additionally, Warren's economy has been expanding rapidly over the past few years due to new businesses opening up and expansions by existing businesses. This growth has led to an increased demand for housing which has resulted in rising home values across Macomb County.