49043, Covert, MI

The 49043 zip code of Covert, Michigan has a population of approximately 2,000 people. The median household income in this zip code is $50,000, and the median home value is $135,000. The percentage of homes in this zip code that are owned by their occupants is approximately 85%.

There are a number of factors that contribute to the high home values in the 49043 zip code of Covert. First and foremost, this area is located in one of the most desirable parts of Michigan. Second, there is a strong demand for housing in this area due to its proximity to major cities such as Detroit and Lansing. Finally, there are a number of well-maintained homes in this zip code that have been well-priced based on market conditions and local amenities.

Despite these positive factors, there are some challenges facing homeowners in the 49043 zip code. One issue is that interest rates have been relatively low for much of the past several years, which has made it difficult for many people to qualify for a mortgage and purchase a home. Additionally, there has been an increase in foreclosures and short sales over the past few years, which has reduced available inventory and driven up prices even further.