48532, Flint, MI

The 48532 zip code of Flint, Michigan has a population of around 100,000 people. The median household income in this zip code is $41,000 which is lower than the national median household income of $53,046. However, the percentage of households that are below the poverty line is much higher in this zip code at 27%. The percentage of homes that are owned by their occupants is also much higher in this zip code at 82%. This suggests that home equity and home prices are relatively high in the 48532 zip code.

Home equity and home prices have been on the rise for many years in the 48532 zip code. In fact, according to Zillow’s Home Value Index data from January 2018, the median home value in this zipcode was $130,000 which was up 5% from December 2017. This suggests that there is strong demand for homes in the 48532 zip code and that home equity and home prices are likely to continue to increase over time.

One reason why home equity and home prices may be increasing in the 48532 zip code is because there are very few available homes for sale compared to other areas of Michigan. According to Zillow’s Housing Market Report for October 2018, only 2% of all homes for sale were located within 10 miles of Flint city center which indicates that there is a shortage of available homes for purchase in this area. Additionally, recent development projects such as Ford Field and Quicken Loans Arena have increased demand for housing near these facilities which may also contribute to rising home values in the 48532 zipcode.