48126, Dearborn, MI

Dearborn, Michigan is a city located in Wayne County. As of the 2010 census, the city had a population of 97,821. The 48126 zip code covers much of Dearborn and has a population of around 85,000 people. The median home value in this zip code is $128,000 which is about average for the state of Michigan. Home equity in this area has been increasing steadily over the past few years and there are many reasons why this might be so.

One reason that home equity might be increasing in Dearborn is that the city has seen an influx of new residents over the past few years. This influx of new residents has led to an increase in demand for housing and consequently an increase in home prices. Additionally, Dearborn has seen strong job growth over the past few years which has also contributed to rising home values.

Another reason that home values might be increasing in Dearborn is that interest rates have remained low for a long period of time which has made it more affordable to borrow money to purchase a home than it was previously. Additionally, there are many wealthy individuals living in Dearborn who are able to invest large sums of money into buying homes which also contributes to rising home values.