48417, Burt, MI

The 48417 zip code of Burt, MI has a median home value of $104,900 and a median home equity of $86,000. The 48417 zip code is located in the southeastern corner of Michigan and includes the cities of Burton and Dexter. The 48417 zip code has a population of about 9,000 people.

There are several factors that contribute to the high home values in the 48417 zip code. First, the area is affluent and has a high rate of homeownership. Second, there is a strong demand for housing due to its proximity to major metropolitan areas such as Detroit and Lansing. Finally, there is limited supply of homes available in this area which drives up prices.

Despite these high values, there are some risks associated with owning a home in the 48417 zip code. One risk is that interest rates could rise significantly which would make it more difficult for homeowners to pay their mortgages. Another risk is that the market could crash causing homes prices to decline significantly. In order to minimize these risks, homeowners should make sure they have adequate insurance coverage for their homes and make sure they are aware of any potential tax breaks or incentives available to them.