48101, Allen Park, MI

The 48101 zip code of Allen Park, Michigan has a population of around 49,000 people. The median household income in this zip code is $50,000 which is lower than the national median household income of $53,046. However, the percentage of households that are below the poverty line is much higher in this zip code at 27%. The percentage of households that own their home outright is also much higher in this zip code at 66% compared to the national average of 43%.

The average home value in Allen Park is $106,500 which is significantly higher than the national average home value of $77,700. In fact, there are only a handful of zip codes across America where the average home value exceeds 100% of the national average. Home values in Allen Park have increased by an impressive 20% over the past five years and continue to rise at a rapid pace. This trend will likely continue as more and more people move into this rapidly growing area.

One reason for the high home values in Allen Park is undoubtedly its strong economy. The city has seen significant growth over recent years and businesses are expanding rapidly. This has led to an increase in jobs and consequently an increase in wages and incomes. Additionally, Allen Park has excellent schools and amenities which are attracting new residents and businesses alike.