48164, New Boston, MI

The 48164 zip code of New Boston, MI has a median home value of $128,000. This is higher than the state median home value of $119,500 and the national median home value of $177,200. The percentage of homes in this zip code that are worth more than $200,000 is higher than the state percentage and national percentage. The percentage of homes in this zip code that are worth less than $100,000 is lower than both the state and national percentages.

There are a number of factors that may contribute to the high home values in this zip code. These include its proximity to Detroit and Grand Rapids as well as its relatively affluent population. Additionally, many homeowners in this area have taken advantage of equity growth opportunities over the past few years by refinancing or purchasing additional property. As a result, there is likely still plenty of demand for homes in this area despite recent market volatility.