48628, Hope, MI

The zip code of 48628 in Hope, Michigan has a median home value of $127,000. This is significantly lower than the state median home value of $217,500. The zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This indicates that there are more homes that are owner-occupied in this zip code.

There is also a significant difference between the home values in this zip code and the rest of Michigan. The median home value in Michigan is $217,500 while the home value in 48628 is only $127,000. This indicates that there are more homes for sale in this zip code than there are homes for sale statewide.

This could be due to several factors including: lower crime rates, smaller population size (only 6,000 people live here), and access to good schools (this zip code has one of the highest graduation rates in Michigan). It's also worth noting that many people who live here commute to work outside of Hope which could contribute to higher prices since housing costs tend to be higher near major cities.