49635, Frankfort, MI

The home equity and home prices in the 49635 zip code of Frankfort, MI have seen a steady increase over the past few years. In fact, according to Zillow, the median home value in this zip code is currently $164,900. This represents a 12% increase from last year and a 20% increase from five years ago.

One reason for this recent uptick in home values may be the strong economy. Since 2007, when the recession began, there has been an overall decrease in home values across the country. However, since 2013 there has been an overall increase in home values across most of America. This could be due to several factors such as low interest rates and increased demand from buyers who are confident about their ability to find a good job and afford a mortgage.

Another factor that may be contributing to increased home values is Frankfort's location. According to Zillow, Frankfort is located in one of Michigan's most prosperous counties - Washtenaw - which has seen significant growth over the past few years thanks to businesses such as Ford Motor Company and Bed Bath & Beyond expanding into the area. As a result of this growth, more people are able to afford homes here and thus prices continue to rise.

Overall, it seems that both factors - strong economy and favorable location - are contributing to increased home values in Frankfort over recent years. If you're thinking about buying or selling your house in this zip code, it's important to keep these trends in mind so you can make informed decisions about what's best for your situation