48430, Fenton, MI

Home Equity in the 48430 Zip Code of Fenton, MI

In the 48430 zip code of Fenton, MI, there are an estimated 1,853 homes with a value of $200,000 or more. This equates to a home equity rate of 11.5%. In comparison, the national average for home equity rates is 10.4%. The highest home equity rate in Michigan is found in the Detroit metropolitan area at 12.9%, while the lowest rate is found in Muskegon Heights at 7.1%.

The average mortgage debt for homes in the 48430 zip code is $176,000. This amount represents 66% of the value of the home. The percentage of mortgages that are 90 or more days delinquent is 2%, which is lower than both the state and national averages.

Home Prices in the 48430 Zip Code of Fenton, MI

The average price per square foot for homes in this zip code is $128. This amounts to a median price of $148,000 and a range from $105,000 to $187,500. The highest price per square foot was found in Troy at $191 per square foot and the lowest price was found in Muskegon Heights at $117 per square foot.