48336, Farmington, MI

Home Equity and Home Prices in the 48336 Zip Code of Farmington, MI

The zip code of 48336 in Farmington, Michigan has a median home value of $128,900. This is higher than the statewide median home value of $119,600. The zip code also has a lower than average percentage of homes with mortgages at 66%. This indicates that more homes are owned outright or with less debt compared to other zip codes in Michigan.

The average age of homes in the 48336 zip code is around 27 years old. This is younger than the statewide average age of 34 years old. The percentage of households with children under 18 living at home is also lower than the statewide average percentage of households with children under 18 living at home at 28%.

The majority (60%)of residents in the 48336 zip code commute to work by car. This is lower than the statewide percentage (70%)of commuters who drive to work. The majority (68%)of residents also have a job within 10 miles from their residence. This compares favorably to the statewide percentage (50%)of residents who have a job within 10 miles from their residence.