48458, Mount Morris, MI

The 48458 zip code of Mount Morris, MI has a median home value of $131,000 and a median home equity of $102,000. This is significantly lower than the statewide median home value of $217,500 and statewide median home equity of $142,700. The 48458 zip code also has a lower homeownership rate than the statewide homeownership rate of 63%.

There are several factors that may contribute to the low home values in the 48458 zip code. One reason may be that Mount Morris is a relatively rural area with few jobs or businesses located nearby. Additionally, many homes in this zip code are older and may not be in good condition. Finally, there is limited inventory available for purchase in this area, which may lead to higher prices compared to other areas in Michigan.