48094, Washington, MI

Home equity is the difference between what a homeowner owes on their home and the value of their home. Home prices are the price at which homes are sold in a given area.

In Washington, MI, home equity and home prices have been on the rise for quite some time now. In fact, according to Zillow, the 48094 zip code has seen an increase of over 20% in home values since 2016! This is definitely good news for homeowners in this area, as it means that they are able to borrow against their homes more easily and can get more money for their property than it was worth a few years ago.

However, while this trend is definitely positive for homeowners in 48094 zip code, it does come with some risks. For one thing, if interest rates go up (which they very well could), then borrowers may find themselves struggling to make payments on their mortgages. Additionally, if there is a housing market crash (which there always seems to be at some point), then homeowners in 48094 zip code could find themselves losing a lot of money on their homes. So while home equity and home prices are definitely trending upwards in 48094 zip code right now, it's important that homeowners keep track of both trends so that they can stay safe and profitable during these times!