One of the Hottest ZIP Codes in America is in Michigan, Study Says
Reatlor.com has released its list of the hottest ZIPs in America, and Michigan has one in the top 10.
The list was created taking into account two aspects of the housing market: market demand and the pace of the market as measured by the number of days a listing remains active on Realtor.com.
No. 1 on the list is 80916 in East Colorado Springs, Colorado near Colorado Springs.
The ZIP 48336 in Farmington, Michigan, came in at No. 9 on the list.
Here’s what makes the ZIP hot, according to Reatlor.com:
ZIP 48336 is a commuter-friendly town with easy access to Detroit – only 15-20 minutes away by car – and nearby Southfield and Ann Arbor. Farmington is the closest suburban neighborhood to the city where home buyers can still get both land and a substantially-sized home (typically between 2,000-3,000 sq ft). In addition to affordability and space, buyers with families are drawn to this “bedroom community” because of its many desirable schools like Farmington High School, rated a seven out of 10 on GreatSchools.org and proximity to universities like Michigan State and several hospitals, as well as community events and outdoor spaces. You can find a good mix of housing styles, sizes and price ranges – there are options for first-time buyers and also those looking for “trophy homes” – and the little downtown area has a small movie theater, shopping and restaurants.
Housing stats: Homes in ZIP 48336 spend an average of just eight days on the market, 13 and 29 days faster than metro and U.S., respectively. The median listing price is $244,000, up 8.6% from last year, but 13% lower than the metro area and 37% lower than U.S. Sixty-four percent of residents are homeowners and the millennial homeownership rate is above the national average at 54%.
View the full list here.
