48822, Eagle, MI

The home equity and home prices in the 48822 zip code of Eagle, MI are very high. The median home value in this zip code is $225,000, which is more than double the national median home value of $105,000. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there are a lot of high-value homes in this zip code.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of wealth concentrated in this area. The median household income in this zip code is $128,500, which is much higher than the national median household income of $53,046. Additionally, the percentage of households in this zip code that have at least one college degree is significantly higher than the national percentage of households that have at least one college degree. This indicates that there are a lot of affluent residents living in this area.

Another reason why the home equity and home prices in this zipcode are so high is because there is a lot of demand for housing here. The population density in this area is low compared to other areas of Michigan (only 2 people per square mile), which means there is plenty of room for new homes to be built and for existing homes to be expanded. Additionally, Eagle has been designated as a “smart growth” community by HUD meaning that it has plans to grow slowly so as not to impact local neighborhoods adversely. These factors combined mean that there will always be demand for housing here and thus prices will continue to rise over time.