48342, Pontiac, MI

Pontiac, MI is located in the 48342 zip code. The median home value in this zip code is $128,000. The median home equity value in this zip code is $101,000. Home prices have increased significantly over the past few years and are now at an all-time high. This has led to a rise in home equity values for many homeowners in the 48342 zip code.

Home equity is important because it allows homeowners to use their homes as collateral for loans or to invest money into other ventures. Homeowners who have high home equity values are more likely to be able to borrow money and purchase larger homes than those who have low home equity values. Additionally, homeowners with high home equity values are more likely to be able to sell their homes quickly if they want to move or retire.

The increase in home prices has had a significant impact on the 48342 zip code economy. Higher home prices mean that more people are able to buy homes and that there is more demand for goods and services related to housing (such as construction materials and real estate services). This has led to an increase in economic activity throughout the area, including jobs related to housing construction and real estate sales.