48749, Omer, MI

Home Equity and Home Prices in the 48749 Zip Code of Omer, MI

The home equity and home prices in the 48749 zip code of Omer, MI are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $106,500. The average home equity loan-to-value ratio in this zip code is 97%, which is much higher than the national average of 63%. This indicates that many homeowners in this zip code have a great deal of equity in their homes. In addition, the average home price appreciation rate in this zip code over the past five years has been 20%. This indicates that there is a lot of demand for homes in this zip code and that prices are likely to continue to rise.