48426, Decker, MI

The 48426 zip code of Decker, MI has a median home value of $136,000 and a median home equity value of $121,000. These values are significantly lower than the statewide median home value of $247,500 and statewide median home equity value of $217,500. The 48426 zip code is also significantly lower than the national median home value of $177,200 and national median home equity value of $142,700.

There are several factors that may contribute to the low values in the 48426 zip code. One potential reason is that Decker is located in one of Michigan's most rural counties. This may limit access to quality housing and reduce demand for homes in the area. Additionally, Decker has been hit hard by the recessionary economy; as a result, there have been a number of homes foreclosed upon and sold at auction or through private sale. This has decreased available supply and increased demand for properties in the area.

Despite these challenges, there are some homeowners who have been able to benefit from rising prices over recent years. In particular, those who have invested in property improvements such as new roofs or updated landscaping may be seeing their homes appreciate more rapidly than average. Additionally, homeowners who were able to secure mortgages with low interest rates during the boom years may now be able to sell their properties at higher prices without having to take on too much additional debt.