49058, Hastings, MI

The zip code 49058 in Hastings, Michigan has a median home value of $101,000 and a median home equity of $87,500. This is significantly lower than the state median home value of $183,700 and the national median home value of $177,800. The zip code also has a lower than average homeownership rate of 57%.

There are several factors that may contribute to the low home values in this zip code. First, Hastings is located in one of Michigan's more rural counties. This may lead to less demand for homes and consequently lower prices. Additionally, Hastings has seen significant decreases in its population over the past few decades which may have led to fewer sales transactions and thus lower prices. Finally, Hastings is located within a metropolitan area that has seen significant economic decline over the past few years which may have also contributed to lower home values.