48444, Imlay City, MI

The 48444 zip code of Imlay City, Michigan is located in the southeastern corner of the state. The zip code has a population of just over 10,000 people and an average household income of just over $50,000. Home prices in the 48444 zip code have increased by an average of 9% annually over the past five years. In addition, home equity values in this area have increased by an average of 25% during that same time period.

One reason for the strong home price growth in this area is that there are a number of attractive homes available for sale. The median list price for homes in this zip code is $160,000, which is well above the statewide median list price of $130,000. Additionally, Imlay City has a low unemployment rate (3%) and a high percentage of families with children under 18 who are working (68%). These factors are likely contributing to the strong demand for homes in this area.

While home prices and home equity values have been increasing rapidly in Imlay City over the past few years, there are some risks associated with buying or owning a home here. For example, if interest rates increase significantly from their current levels or if there is another housing market downturn, homeowners could experience significant losses on their investments. Additionally, Imlay City is located in an economically challenged region of Michigan and could experience economic difficulties should those conditions persist.