48182, Temperance, MI

The 48182 zip code of Temperance, MI has a median home value of $101,000 and a median home equity value of $128,000. This is significantly higher than the Michigan statewide median home value of $76,500 and the national median home value of $177,200. The 48182 zip code also has a significantly higher percentage of homes with equity than the Michigan statewide percentage of 53% and the national percentage of 47%. This indicates that homeowners in this zip code are more likely to have a significant amount of equity in their homes than homeowners in other parts of Michigan and across the United States.

One potential explanation for these high home values in the 48182 zip code is that Temperance is a desirable location. The city has a population density of only 2 people per square mile, which is much lower than the Michigan statewide population density of 5 people per square mile or the national population density of 324 people per square mile. Additionally, Temperance has an unemployment rate below 3%, which is much lower than both the Michigan statewide unemployment rate (4%) and the national unemployment rate (6%). These factors may contribute to why there are so many homeowners in this zip code with significant equity in their homes.