48145, La Salle, MI

The La Salle 48145 zip code is located in the southeastern corner of Michigan and includes a population of around 21,000 people. The median home value in this zip code is $128,000 and the median household income is around $60,000. The La Salle 48145 zip code has a high percentage of owner-occupied homes (around 80%) and a low percentage of rental homes (around 10%).

There has been an increase in home equity values over the past few years in the La Salle 48145 zip code. In 2013, the median home equity value was $106,500 and by 2016 that had increased to $128,000. This indicates that there has been an increase in home values over this time period. It is likely that this trend will continue as more people are able to purchase homes with lower levels of debt and as the economy continues to improve.

One factor that may have contributed to this increase in home values is the low level of interest rates currently available. Rates have been relatively low for many years now which has made it easier for people to borrow money to purchase a home. Additionally, there has been an increase in demand for housing due to increasing incomes and employment opportunities. As more people are able to buy homes, prices will continue to rise until either supply catches up or demand decreases significantly.