49266, Osseo, MI

Osseo, Michigan is located in the southeastern corner of the state and has a population of just over 10,000. The 49266 zip code covers much of Osseo and has a median home value of $128,000. Home equity in this zip code is relatively high, with nearly two-thirds (64%) of households reporting some level of equity in their homes. This is significantly higher than the statewide average of just over half (53%).

One reason for this high level of equity may be that Osseo is a relatively new community. It was founded in 1957 and only began to grow rapidly after the construction of I-75 made it easier for people to commute to Detroit. As a result, there are fewer homes that are older and have lower values. Additionally, Osseo has seen strong job growth over the past few years, which may have helped boost home values.

Despite these factors, there are still some homeowners who are struggling to get enough money out of their homes to cover their monthly bills. Nearly one-third (31%)of homeowners in this zip code report that they have had to take out a loan or credit card to cover expenses since buying their home, which is higher than the statewide average (25%). This suggests that there may be some areas where prices are not keeping up with inflationary pressures or other economic indicators.