Zip Code:

48735, Gagetown, MI

48735 is a Michigan Zip code within the city of Gagetown and the county of Tuscola. Its population is roughly 1,049.

The Real Estate Market in Gagetown, MI

Gagetown, MI is a small town located in the 48735 zip code. The population of Gagetown was 1,812 as of the 2010 census. Gagetown is located in the southern portion of Washtenaw County and is bordered by Dexter to the north, Ypsilanti to the east, Monroe to the south, and Saline to the west.

The median home value in Gagetown was $123,000 as of September 2013. This is lower than both the statewide median home value of $181,500 and the national median home value of $177,200. The percentage of homes with a mortgage was lower than both Michigan's statewide percentage of 57% and national percentage of 69%. The percentage of homes without a mortgage was also lower than both Michigan's statewide percentage of 34% and national percentage of 36%.

The average sale price for homes in Gagetown has increased over time. In 2006, there were only three sales recorded for homes within this zip code at an average sale price of $92,000. By 2013 there were eleven sales recorded at an average sale priceof $123,000. This indicates that while prices have decreased slightly from 2006-2013 (by 4%), they have increased significantly from 2005-2006 (by 10%).

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