48131, Dundee, MI

Dundee, MI is a city located in the eastern portion of Oakland County in Michigan. As of the 2010 census, the city had a population of 25,827. The 48131 zip code encompasses much of Dundee and includes many affluent neighborhoods such as Pine Lake Estates, Cedar Glen Estates and Willow Glen.

According to Zillow, the median home value in Dundee was $214,900 as of September 30th, 2017. This is well above the statewide median home value of $165,000 and ranks as one of the most expensive zip codes in Michigan. In addition to being expensive, Dundee also has some of the highest home equity values in Michigan. For example, according to Zillow’s figures as of September 30th 2017:

The average home equity value in Dundee is $269,200 which is more than double the statewide average ($122,600).

There are several factors that contribute to Dundee’s high home equity values. First and foremost are its affluent neighborhoods which tend to have higher home values due to demand from buyers who can afford them. Additionally, Dundee has a low unemployment rate (3%) which contributes to increased demand for housing stock. Finally, there is a strong market for luxury homes in Dundee which also drives up prices.