49032, Centreville, MI

Centreville, Michigan is located in the 49032 zip code. Centreville has a population of approximately 7,000 people. The median household income in the 49032 zip code is $60,000. The median home value in the 49032 zip code is $139,900.

There has been a significant increase in home equity and home prices over the past few years in the 49032 zip code. In 2013, the median home value was $128,500 and by 2016 it had increased to $139,900. This indicates that there has been an increase in demand for homes within this area and that there are plenty of potential buyers who are willing to pay more for a home than what it was worth just a few years ago.

One reason why there has been such an increase in home values within the 49032 zip code is because of all of the new development that has been taking place here over the past few years. There have been many new homes built recently and this has led to an increase in demand for properties within this area. Additionally, there are many affluent families living within this area which also contributes to increased demand for homes.

Despite these positive factors, there are also some risks associated with buying a home within the 49032 zip code. One risk is that interest rates could rise over time which would make it more difficult for buyers to afford their homes outright or could lead to them having to take on more debt than they originally planned upon when purchasing their property. Another risk is that prices could decrease significantly if there were any major economic downturns which would impact both sales and values within this area simultaneously.