48140, Ida, MI

The 48140 zip code of Ida, MI has a median home value of $128,000 and a median home equity of $122,000. This is significantly higher than the Michigan statewide median home value of $115,200 and the national median home value of $181,600. The 48140 zip code also has a high percentage of homeowners with a mortgage (77%), which is above the statewide average (64%) and the national average (63%).

There are several factors that may contribute to the high values in the 48140 zip code. First, Ida is located in one of Michigan's most affluent counties. Second, there is a strong demand for housing in this area due to its proximity to both Detroit and Lansing. Finally, Ida has experienced relatively low levels of unemployment over the past few years which may have helped to increase home values.