48504, Flint, MI

The home equity and home prices in the 48504 zip code of Flint, MI are very high. The median home value in this zip code is $100,000, which is more than triple the national median home value of $67,500. Additionally, the percentage of homes in this zip code that are worth more than $200,000 is significantly higher than the national percentage of homes that are worth more than $200,000. This indicates that there are a lot of wealthy people living in this zip code.

One reason for the high home values in this zip code is likely because there is a lot of wealth concentrated here. The median household income in this zip code is $77,500, which is much higher than the national median household income of $53,046. Additionally, the percentage of households in this zipcode that have at least one college degree is significantly higher than the national percentage of households that have at least one college degree. This indicates that there are a lot of educated people living in this area.

Another reason for the high home values in this zip code may be because there has been a lot of development here recently. The population growth rate for Flint was negative between 2010 and 2016 (0%), but it was positive between 2000 and 2010 (10%). This indicates that new housing developments have been increasing property values disproportionately compared to other areas within Flint over time.