49128, Three Oaks, MI

Home Equity and Home Prices in the 49128 Zip Code of Three Oaks, MI

The zip code of 49128 located in Three Oaks, Michigan has a median home value of $101,000. The home equity for this zip code is $40,000. This means that the majority of homeowners in this zip code have more than $40,000 worth of equity in their homes. Additionally, the average home price in this zip code has increased by 9% over the past year. This indicates that there is strong demand for housing within this area and that prices are likely to continue to rise.

There are a number of factors contributing to the increase in home values within the 49128 zip code. One reason is that there is a high demand for housing within this area due to its close proximity to both Detroit and Lansing. Additionally, many homeowners in this area have invested money into upgrading their homes through renovations or additions which has increased their value. Finally, there is a low supply of housing available which has driven up prices even further.