48615, Breckenridge, MI

The zip code of 48615 in Breckenridge, Michigan has a median home value of $269,000 and a median home equity of $128,000. This is significantly higher than the national median home value of $177,500 and the Michigan median home equity of $101,200. The high home values in this zip code are likely due to its proximity to ski resorts and other luxury amenities.

There are also a number of factors that can affect home prices in any given area. In 48615, average monthly mortgage payments are above the national average at $1,068. This may be due to the high level of homeownership in this zip code or to higher interest rates on mortgages in this area. Additionally, local schools may be considered when purchasing a home and could add an additional amount to the price tag.