48614, Brant, MI

Brant, Michigan is located in the Southeast region of the United States. The zip code 48614 has a population of approximately 10,000 people. The median household income in this zip code is $60,000 which is lower than the national median household income of $59,039. Home prices in this zip code are significantly lower than home values nationwide. In 2017, the average home value in this zip code was $130,000 while the national average was $247,500. This indicates that there is a significant opportunity for homeownership in this area and that potential buyers should be prepared to make a significant down payment.

The primary driver of home equity and home prices in Brant is local market conditions and demographics. Local market conditions are influenced by factors such as job growth, population growth, housing stock availability and price trends. Demographics play an important role in determining demand for homes and can include things like age distribution, family composition and preferences for location. These factors can all impact how much people are willing to pay for a particular type of property or neighborhood. Additionally, economic indicators such as interest rates and inflation can also affect home values over time.