48895, Williamston, MI

The home equity and home prices in the 48895 zip code of Williamston, MI are very high. The median home value in this zip code is $187,000, which is more than double the national median home value of $106,000. Additionally, the percentage of homes in this zip code that are worth over $200,000 is significantly higher than the national percentage of homes that are worth over $200,000. This indicates that there is a lot of wealth concentrated in this particular zip code.

One potential explanation for why the home equity and home prices in this zip code are so high is that Williamston has a high concentration of wealthy residents. The percentage of households in this zip code with incomes over $100,000 is significantly higher than the national percentage of households with incomes over $100,000. This suggests that there is a lot of money available to invest in homes here. Additionally, the percentage of households in this zip code with incomes over $200,000 is also significantly higher than the national percentage of households with incomes over $200,000. This indicates that there are a lot of wealthy people living in Williamston who can afford to buy expensive homes.

Another potential explanation for why the home equity and home prices in this zipcode are so high is that there are a lot of luxury homes available here. The percentof housing units herethat are classified as luxury homes (meaning they have at least one bedroom and one bathroom that cost more than $150 per square foot)is significantly higherthanthenationalpercentageofhousingunitsthatareclassifiedasluxuryhomes.Thisindicatesthatthereisanumberofexpensivehomesavailableherethatcanbeusedbywealthyresidentstoinvestinthemselvesorasetupforinvestment purposes.(Formoreinformationonluxuryhomevaluesindifferentpartsofthecountryvisit:https://www.realtor .com/blog/2016/03/the-most-expensive-and-least-expensive-places-to-live/)

Overall, it appears that there are several reasons why the home equity and home prices in this particular ZIP Code are so high. First off, there is a lot of wealth concentrated within these boundaries; secondly, there are a lot luxury homes available for purchase; and finally, many affluent residents live within these boundaries which allows them to invest more money into their properties."