48873, Pewamo, MI

The Pewamo, MI 48873 zip code has a median home value of $122,000 and a median home equity of $104,000. The Pewamo, MI 48873 zip code has seen an increase in home values over the past five years. In 2012, the median home value was $108,000 and in 2016 the median home value was $122,000. This increase in home values is likely due to an increase in demand for homes in the Pewamo, MI 48873 zip code as well as an increase in available homes for sale.

Home equity is important because it provides homeowners with a cushion against unexpected expenses such as a car repair or medical bill. Homeowners who have more equity in their homes are also more likely to stay homeowners than homeowners who have less equity. Additionally, having more equity allows homeowners to borrow money against their homes without having to worry about losing all of their property value if they cannot pay back the loan.

The Pewamo, MI 48873 zip code has seen an increase in home prices over the past five years which is likely due to an increase in demand for homes and an increase in available homes for sale. Homeowners who have more equity in their homes are more likely to stay homeowners than those who have less equity and are also more likely to be able to borrow money against their properties without worrying about losing all of their property value if they cannot pay back the loan