48380, Milford, MI

In the 48380 zip code of Milford, MI, home equity and home prices are both high. According to Zillow, the median home value in this zip code is $183,200. This is a higher median home value than the national median home value of $177,500. Additionally, the percentage of homes in this zip code that are worth more than their original purchase price is above the national average of 57%. This indicates that there is a high demand for homes in this zip code and that buyers are willing to pay a higher price for a property.

One reason why home values in this zip code are high is because there is a large number of affluent residents living here. The percentage of households earning over $100,000 per year is above the national average of 30%. Additionally, there are many jobs located in or near this area which provide opportunities for people to earn an income. Therefore, it seems likely that many people who live in this zip code are able to afford to buy a house at a high price.

However, not all homeowners in this area have been able to benefit from rising home values. In fact, according to Zillow’s report on housing affordability in America’s 100 most populous cities*, Milford ranks as one of the most unaffordable cities in America when it comes to buying a house with an annual income below $75,000. This means that not everyone who lives in Milford can afford to buy a house at current prices – even those who have enough money saved up. It seems likely that rising prices will eventually lead to more affordable housing options becoming available for those living within the 48380 zip code – but it will likely take some time before this happens.