49834, Foster City, MI

Foster City, Michigan is located in the 49834 zip code. The median home value in this zip code is $1,026,000 and the median home equity value is $814,000. The average mortgage rate in this zip code is 3.92%.

The Foster City housing market has seen a significant uptick in home values over the past few years. In fact, according to Zillow’s Home Value Index (HVI), the median home value has increased by over 20% since 2016! This increase can likely be attributed to a number of factors including an influx of new residents and an overall healthy economy.

While there are certainly many homeowners who are benefiting from these rising prices, it’s important to remember that not everyone in Foster City is doing well economically. In fact, according to NeighborhoodScout’s analysis of income data from 2016*, approximately one-third of households in this zip code earn less than $50,000 per year – which puts them at a disadvantage when it comes to purchasing a home. Additionally, there are also a number of areas within Foster City that have seen slower growth or even declines in home values over the past few years. This suggests that while the market may be strong overall for homeownership opportunities in this area, there are still some areas where you might want to tread cautiously if you're looking to buy a property.