48095, Washington, MI

Home Equity and Home Prices in the 48095 Zip Code of Washington, MI

The 48095 zip code of Washington, MI has a median home value of $101,000. This is lower than the statewide median home value of $157,500. The 48095 zip code also has a lower home equity percentage than the statewide average of 59%. This indicates that there are more homes in this zip code that are worth less than their original purchase price.

There are several factors that could contribute to this trend. One possibility is that there are more homes in this zip code that have been damaged or destroyed by natural disasters such as floods or fires. Another possibility is that there are more homes in this zip code that have been purchased using cash instead of using traditional financing methods such as mortgages. Whatever the reason may be, it appears that the 48095 zip code has a higher proportion of homes worth less than their original purchase price than other parts of Michigan.