48381, Milford, MI

The 48381 zip code in Milford, Michigan has a median home value of $128,000. The home equity in this zip code is $51,000. This means that the majority of homeowners in this zip code have more equity in their homes than they need to cover their monthly mortgage payments.

This high level of home equity is likely due to the strong economy and low interest rates. It is also possible that many homeowners are using their home equity to invest in other assets, such as stocks or bonds.

While the high level of home equity is good news for many homeowners, it can also be risky if the market crashes or interest rates rise significantly. If either of these events occurs, homeowners could find themselves struggling to cover their monthly mortgage payments and may even lose all of their equity in their homes.