48816, Cohoctah, MI

The Cohoctah zip code has a population of just over 2,000 people and a median household income of just over $50,000. The home equity in this zip code is valued at nearly $200,000, which is significantly higher than the Michigan median home equity value of just over $130,000. This indicates that there are a lot of homeowners in the Cohoctah zip code who are able to use their home equity to finance other investments or pay off debts.

One reason why Cohoctah's home equity is so high may be because the area has seen relatively low levels of unemployment and poverty over the past few years. These factors may make it easier for people to afford homes and maintain their homes' values. Additionally, Cohoctah's proximity to both Lansing and Detroit may contribute to its high home equity values. Many people in the area commute to work in one of those cities each day, which may give them more money available to invest in their homes or spend on other things.