48750, Oscoda, MI

The 48750 zip code of Oscoda, MI has a median home value of $129,000 and a median home equity value of $119,000. This means that the majority (approximately 78%) of homes in this zip code are worth more than their original purchase price. Additionally, Oscoda's home prices have increased by an average of 8.2% over the past five years. This is much higher than the national average rate of growth (3.1%), but it is still below the Michigan state average rate of growth (10%).

One reason for this discrepancy may be that Oscoda is located in a rural area rather than an urban area. Rural areas tend to have slower-growing economies and may not be as attractive to buyers or investors. Additionally, Oscoda's population is relatively small (just over 2,000 people), which could also contribute to slower housing market growth rates.

Despite these limitations, Oscoda's home values continue to grow at a steady pace and are likely to continue doing so for the foreseeable future. If you're looking for a location in which to buy or invest in property, Oscoda would be a good choice – especially given its relatively low rates of inflationary pressure compared to other parts of Michigan.