48225, Harper Woods, MI

The 48225 zip code of Harper Woods, Michigan has a median home value of $191,000 and a median home equity of $146,000. This is higher than the state median home value of $148,500 and the national median home equity of $142,200. The Harper Woods area has seen an increase in home values over the past five years as prices have increased by 10%.

There are a number of factors that contribute to the high home values in Harper Woods. The area is located in one of the most affluent counties in Michigan and has a high population density which leads to more demand for housing. Additionally, many homes in this zip code are owner-occupied which contributes to the increased value. There is also a low rate of foreclosure activity in this area which keeps prices high.