48878, Rosebush, MI

The zip code of 48878 in Rosebush, Michigan has a median home value of $128,000 and a median home equity value of $101,000. This is significantly lower than the statewide median home value of $224,500 and the national median home equity value of $142,600. The main reason for this discrepancy is likely due to the high rate of foreclosure in this area.

There are also a number of factors that can affect home prices. For example, if there is an increase in demand for property in a particular area, then prices will go up. Conversely, if there is an increase in supply (due to new development or construction), then prices will decrease. Additionally, local economic conditions can also have an impact on prices – for example, if there are job losses or decreased wages then homeowners may be less likely to sell their homes at full price.

Overall, it appears that the market for homes in the 48878 zip code is relatively weak compared to other areas across Michigan and nationwide. This could make it difficult for homeowners who are looking to sell their homes at full price – although it's worth noting that not all areas within this zip code are affected equally by these factors.