48440, Hadley, MI

The 48440 zip code of Hadley, Michigan is located in the southeastern portion of the state and includes a population of approximately 9,000. The median household income in this zip code is $60,000 and the median home value is $130,000. Home equity and home prices have been on the rise in this area over the past several years.

According to Zillow, home values in Hadley increased by an average of 7.5% from January 2016 to January 2017. This was significantly higher than the statewide increase of 2.9%. In addition, Zillow reports that during this same time period, home equity increased by an average of 10%. This indicates that many homeowners are benefiting from rising home values and increasing levels of equity in their homes.

One reason for the increase in home values and equity is likely due to strong demand for housing in this area. According to Trulia, there has been a significant increase in demand for housing within the 48440 zip code over the past few years. This has led to increased competition for available properties and higher prices for homes overall.

Another factor contributing to rising home values and equity is low interest rates. According to Bankrate, interest rates have been relatively low throughout much of 2017 which has helped boost homeowner confidence and investment activity related to residential real estate.. Low interest rates also make it more affordable for homeowners to borrow money against their homes' value (i.e., take out a mortgage) which can help them purchase a new or upgraded property or pay down existing debt obligations faster..