48754, Owendale, MI

The 48754 zip code of Owendale, Michigan is located in the Upper Peninsula of the state and has a population of just under 2,000. The median household income in this zip code is just over $50,000 and the homeownership rate is just over 70%. Home prices in this zip code have been increasing at a rate of almost 10% per year for the past five years, making it one of the fastest-growing areas in Michigan.

One reason for this rapid growth is that Owendale is located close to several major metropolitan areas, including Lansing, Detroit, and Grand Rapids. These cities are attracting new residents and businesses, which is driving up demand for housing and property. In addition, Owendale has a strong economy with many well-paying jobs. This combination means that there are plenty of potential buyers who are willing to pay high prices for homes in this area.

One downside to Owendale's high home prices is that it may not be affordable for everyone. Families who make less than $75,000 a year may struggle to afford a house in this area. Additionally, there are not many large apartment complexes or other types of housing available near the center of town. This could make it difficult for people who want to live close to their work or school without having to spend an excessive amount of money on rent each month.