48144, Lambertville, MI

The 48144 zip code of Lambertville, MI has a median home value of $142,000 and a median home equity value of $101,000. The zip code has a population of about 2,500 people.

There is a significant demand for homes in the 48144 zip code because of its close proximity to Detroit and Lansing. Additionally, the area is growing rapidly due to new development projects in the area. This has resulted in an increase in home prices and home equity values over the past few years.

The average price per square foot for homes in the 48144 zip code is $107 which is higher than the national average of $93 per square foot. The median sale price for homes in this zip code was $143,500 which was higher than the national median sale price of $130,000. The percentage of sales that were above asking price was 82% which is higher than the national average of 66%.

Homeownership rates are high in this zip code because there is a strong demand for housing and limited supply. About 84% of households are owner-occupied which is higher than the national average ownership rate of 63%. Home equity values have also increased significantly over time due to rising home prices and strong economic conditions. As a result, many homeowners are able to use their home equity as collateral for loans or other financial products.