Zip Code:

48357, Highland, MI

48357 is a Michigan Zip code within the city of Highland and the county of Oakland County. Its population is roughly 8,347.

The Real Estate Market in the 48357 Zip Code of Highland, MI

The Highland, MI 48357 zip code has a population of approximately 9,000 people. The median household income in the Highland, MI 48357 zip code is $60,000. The median home value in the Highland, MI 48357 zip code is $175,000.

There has been a significant increase in home equity and home prices in the Highland, MI 48357 zip code over the past few years. In 2016, there was an increase of 10% in home values and an increase of 8% in home equity values from 2015. This indicates that there is strong demand for homes in the Highland, MI 48357 zip code and that buyers are able to get good deals on homes.

One reason why there has been such a strong demand for homes in the Highland, MI 48357 zip code is because of the low unemployment rate and high number of jobs available. There are many businesses located in the Highland, MI 48357 zip code that are hiring new employees and therefore there is a lot of competition for housing units. Additionally, many people are moving to the Highlands area because it is a beautiful location with lots of amenities (e.g., golf courses). As a result of these factors combined with low interest rates (currently at 0%), buyers are able to get good deals on homes by purchasing them outright or using HELOCs (home equity lines of credit).

Price Index: Warren-Troy-Farmington Hills, MI (MSAD)

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