48746, Millington, MI

The home equity and home prices in the 48746 zip code of Millington, MI are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes in this zip code that are valued at over $300,000 is significantly higher than the national average of just over 10%. This indicates that there are a lot of wealthy homeowners in this area.

One reason for the high home values in this zip code may be its proximity to Detroit. The 48746 zip code has a population density of just over 1,500 people per square mile, which is much higher than the national average of just over 500 people per square mile. This means that there are a lot of potential buyers who want to live near major metropolitan areas. Additionally, Millington is located within close proximity to other affluent suburbs such as Farmington Hills and Novi. These factors may help to contribute to the high home values in this area.