48867, Owosso, MI

The home equity and home prices in the 48867 zip code of Owosso, MI are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.5%, which is slightly slower than the rate of inflation. However, given that there has been an increase in demand for housing units and a decrease in available inventory, this rate is still positive. In addition, recent surveys have shown that Owosso residents are optimistic about their future prospects and believe that their home values will continue to rise.

Overall, it appears that homeownership rates are high in this zip code and there is a good mix of both single-family homes and condos. This indicates that there is a healthy demand for housing units, which should help to keep prices stable or even increase over time. Additionally, Owosso residents benefit from strong economic conditions – unemployment rates are low and incomes are increasing – which should support higher home values.