49064, Lawrence, MI

Home Equity and Home Prices in the 49064 Zip Code of Lawrence, MI

The 49064 zip code of Lawrence, MI has a median home value of $129,000. This is lower than the statewide median home value of $168,500. The 49064 zip code also has a lower than average home equity percentage of 58%. This indicates that there are more homes with negative equity (less than the original purchase price) than homes with positive equity (more than the original purchase price).

The 49064 zip code has a higher than average rate of homeownership at 69%. This indicates that more households in this zip code own their homes outright or have a mortgage that is less than 100% of the property's value.

Despite having a lower median home value and lower home equity percentage, the 49064 zip code has an above average rate of new housing construction. This indicates that there is an increased demand for housing in this area and that builders are willing to invest in new homes here.