48228, Detroit, MI

Detroit, Michigan is in the 48228 zip code. Home equity and home prices in this zip code are very high. According to Zillow, the median home value in this zip code is $128,900. This means that there are a lot of homes that are worth more than $100,000. The average home value in this zip code is $137,500. This means that there are a lot of homes that are worth more than $130,000. The median home value in Detroit is much higher than the national average. In fact, it's almost twice as high as the national average. This high level of home equity is likely due to the fact that Detroit has been hit hard by economic recession over the past few years. However, it's also likely because there are a lot of expensive homes in this zip code.

One reason why home values have been so high in this zip code is because there has been a lot of development over the past few years. There have been new neighborhoods built and old neighborhoods have been renovated. This has led to an increase in demand for housing and an increase in home prices. Another reason why home values have been so high is because there has been a shortage of housing stock available for sale on the market. There aren't many houses available for sale compared to what people want to buy them and this has driven up prices even further。

Despite all these reasons why home values have been so high, it's possible for someone who wants to buy a house in this zip code to do so at a reasonable price。 For example, if you're looking for a house that's within your budget and you're not interested in any of the newer developments or luxury homes, you can find some decent houses on the market at an affordable price。 However, if you're looking for something more luxurious or if you want to live near some new developments or shopping areas, then your costs will be higher。