48312, Sterling Heights, MI

The 48312 zip code of Sterling Heights, MI has a population of around 110,000 people. The median household income in this zip code is around $60,000, which is lower than the Michigan median household income of $70,000. However, the home equity and home prices in this zip code are much higher than the Michigan median home equity and home prices.

As of March 2016, the average home value in this zip code was $158,900. This is much higher than the Michigan median home value of $130,500. Additionally, as of March 2016, the average home equity in this zip code was $128,100. This is much higher than the Michigan median home equity of $75,700. These high levels of home equity are likely due to the high levels of homeownership in this zip code (around 85%). Additionally, there are a large number of homes that were built between 1990 and 1999 (around 60%), which are typically considered to be more affordable than newer homes.

Overall, it appears that homeownership and high levels of home equity are key factors contributing to high levels ofhome values andhome Equityinthe 48312zipcodeof Sterling HeightsMI.