48310, Sterling Heights, MI

The zip code 48310 in Sterling Heights, Michigan has a median home value of $128,000 and a median home equity of $101,000. This is a relatively high home value compared to other zip codes in Michigan. The average home value in Michigan is $92,500 and the average home equity is $76,000.

There are a number of factors that may contribute to the high home values in the 48310 zip code. One reason may be that Sterling Heights is an affluent suburb of Detroit. Many people who live in this area are wealthy enough to invest in property and enjoy increased appreciation over time. Additionally, Sterling Heights has been growing rapidly over the past few years and there are more homes for sale than there are buyers. As a result, prices have increased significantly relative to incomes.

Despite the high values, there is still plenty of opportunity for people who want to buy or sell homes in the 48310 zip code. The population growth rate here is only 2%, which means that there will always be some new homes available for sale. Additionally, many homeowners here have taken advantage of low interest rates over the past few years and have refinanced their mortgages multiple times to get lower rates and more money down payment assistance from lenders. This means that even if you don’t qualify for a mortgage with excellent credit ratings, you may still be able to find one that fits your needs if you shop around carefully.