48188, Canton, MI

The 48188 zip code of Canton, MI is home to a population of around 25,000 people. The median household income in the zip code is $60,000, and the median home value is $142,500. Canton has a population density of 1,200 people per square mile, and its average commute time is 26 minutes.

Home equity in the 48188 zip code has been on the rise for several years now. In 2013, the home equity in this zip code was $106,700. This increased to $128,900 by 2016. The current home equity in this zip code is $145,600. This increase can be attributed to several factors: low interest rates and increased demand for housing due to an influx of new residents into Canton over the past few years.

While there are many factors that contribute to home prices and home equity in a particular area, one thing that cannot be ignored is demand from buyers and sellers alike. Over the past few years, there has been an influx of new residents into Canton which has led to an increase in demand for housing units. Additionally, low interest rates have made it more affordable for buyers to purchase homes than it was previously possible to do so. As long as these trends continue – and they appear likely to do so – homeownership rates will continue to rise in Canton while home equity values will continue to grow as well