48741, Kingston, MI

The 48741 zip code of Kingston, MI has a median home value of $128,000 and a median home equity value of $137,000. These values are significantly higher than the statewide median home value of $117,500 and statewide median home equity value of $130,000. The reason for this discrepancy is likely due to the high concentration of affluent families in the 48741 zip code. In addition, the local economy has been strong in recent years which may have helped to drive up prices.

Despite these high values, there are still many homeowners in the 48741 zip code who are able to use their home equity to finance other investments or pay down debt. This indicates that homeownership rates in the 48741 zip code are not as high as they might be elsewhere in Michigan. In fact, according to Zillow’s Home Value Index data, only 54% of homes in the 48741 zip code are owner-occupied compared to 69% statewide and 68% nationally. This suggests that there is room for growth in this market segment over time.