49285, Stockbridge, MI

Stockbridge, MI is located in Oakland County and has a population of approximately 10,000. The median household income in Stockbridge is $101,000 and the median home value is $269,500. Over the past five years, the home equity and home prices have increased significantly in Stockbridge. In 2012, the home equity was $193,000 and the home prices were $269,500. In 2013, the home equity was $248,000 and the home prices were $309,000. In 2014, the home equity was $288,000 and the home prices were $359,500. In 2015, the home equity was $329,000 and the home prices were $399,500.

There are a number of reasons why Stockbridge's homes have appreciated over time. First of all,, Stockbridge is located in a desirable area with plenty of amenities such as excellent schools and access to shopping and entertainment options. Additionally,, Stockbridge's homes are typically well-maintained which contributes to their high values. Finally,, there has been an increase in demand for housing in Stockbridge due to its proximity to several major cities such as Detroit and Ann Arbor which have experienced strong economic growth over recent years.

Despite these positive factors,, there are some challenges that could affect stockbridge's housing market in future years including potential increases in interest rates or an economic slowdown that leads to a decrease in job opportunities for residents.. However,, overall ,the stockbridge housing market looks promising with steady growth expected over the next few years..