48858, Mount Pleasant, MI

The zip code of 48858 in Mount Pleasant, MI has a median home value of $101,900 and a median household income of $55,000. The city of Mount Pleasant has a population of just over 21,000 people and is located in Washtenaw County.

There has been an increase in home equity and home prices in the 48858 zip code over the past few years. In January 2016, the median home value was $97,600 which increased to $101,900 by January 2018. This represents an increase of 12.1% during that time period. Additionally, the median household income has also increased by 5.4% during that same time period from $53,800 to $55,000. This indicates that there is more wealth available within the 48858 zip code than ever before and that people are able to purchase homes at a higher price point than before without sacrificing their quality of life or ability to afford other necessities.

One reason for this increase in home values may be due to the low interest rates currently being offered by banks and lenders. Since 2007, interest rates have decreased significantly which makes it more affordable for people to borrow money to purchase a home. Additionally, there has been an increase in demand for housing within the 48858 zip code due to its proximity to major cities such as Detroit and Ann Arbor as well as its many amenities such as schools and parks. As a result of these factors combined with limited supply (due to zoning laws), prices have continued to rise within this particular area over the past few years