48446, Lapeer, MI

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In Lapeer, MI, home equity averaged $161,000 in 2017. This means that homeowners had more than enough money left over after they paid their mortgages and other bills to cover any potential losses on their homes.

The average home price in Lapeer was $128,000 in 2017. This means that even though the market value of homes was higher than what homeowners owed on their mortgages, there was still room for growth if buyers were interested in purchasing a home in this area. Home prices are likely to continue to rise as long as there are no major issues with the economy or the housing market.