48917, Lansing, MI

The Lansing zip code 48917 has a population of around 194,000 people and a median household income of $50,000. The home equity in this zip code is around $269,000, which is significantly higher than the Michigan state median home equity of $146,500. This indicates that there are a lot of homeowners in this zip code who are able to use their home equity to finance other investments or pay off debts.

One reason why the home equity in this zip code is so high is likely because there are a lot of affluent residents living in this area. In addition, many people in this zip code may have taken out mortgages or other loans to purchase their homes several years ago and have been able to refinance these loans at lower interest rates over time. As long as the housing market remains stable and borrowers can continue to make payments on their mortgages without too much difficulty, the value of their homes will continue to rise.

Overall, it appears that homeowners in the Lansing zip code are doing well financially and can use their home equity to finance other investments or pay off debts. This suggests that the local housing market is relatively stable and likely won't experience significant price fluctuations anytime soon.