48439, Grand Blanc, MI

The Grand Blanc zip code 48439 has a population of approximately 22,000 people. The median household income in this zip code is $60,000 which is above the Michigan median household income of $52,500. The home equity and home prices in this zip code are both very high.

According to Zillow, the home equity and home prices in the Grand Blanc zip code are both among the highest in Michigan. In fact, the average home value in this zip code is $269,900 which is more than twice the Michigan average home value of $118,600. Additionally, Zillow reports that the percentage of homes that are worth more than their original purchase price is also high in this zip code at 84%. This means that there are a lot of homes in this zip code that have increased in value over time.

One reason why the home equity and home prices in this zipcode are so high is likely because there are a lot of affluent residents living here. According to Forbes magazine, Grand Blanc ranks as one of America’s wealthiest cities with a median household income of over $60k per year. Additionally, Forbes reports that approximately 25% of households here earn over $200k per year which means that there is a lot of money available to invest in homes.

Another reason why the home equity and home prices in this zipcode are so high may be because there is limited inventory available for sale. According to Trulia, only 2%of homes for sale here have been on the market for more than 90 days which means that it can be difficult to find a property that meets your needs if you want to buy one. Furthermore, Trulia reports that demand for properties here exceeds supply by about 20%. This means that even if you do find a property you want to buy it may be difficult to get it because there are already so many people interested in buying it.