49070, Martin, MI

The 49070 zip code of Martin, MI has a median home value of $139,900 and a median home equity value of $102,000. These values are higher than the statewide median home value of $119,600 and the national median home equity value of $106,200. The 49070 zip code also has a lower than average homeownership rate of 63.8%, which is lower than the statewide rate of 66.7% and the national rate of 69.2%.

One factor that may contribute to these high home values in the 49070 zip code is its relatively low homeownership rate. This low homeownership rate may make it more difficult for potential buyers to find available homes in this area and drive up prices. Additionally, there is a high concentration of wealthy households in this zip code, which may also contribute to higher home values. In fact, 34% of households in the 49070 zip code have incomes over $150,000 per year, which is higher than both the statewide average income level of $118,500 and the national average income level of $106,200.

Despite these high home values and high homeownership rates in the 49070 zip code, there are still many opportunities for buyers who are interested in purchasing a home here. The area has plenty of housing options available at different price points and sizes; furthermore, there are several affordable neighborhoods located within close proximity to downtown Martin (which has many amenities including restaurants and shopping). If you're looking for a place to call your own in Martin or nearby communities such as Lansing or Battle Creek, look into purchasing a home in the 49070 zip code!