49084, Riverside, MI

The zip code 49084 in Riverside, Michigan has a median home value of $146,000. The home equity for this zip code is $101,000. This means that the majority of homeowners in this zip code have more equity in their homes than they need to cover current monthly expenses.

There are a number of factors that could contribute to the high home equity levels in this zip code. Some potential reasons include low interest rates and historically low housing prices. Additionally, many homeowners here have taken advantage of HELOCs (home equity lines of credit) or other types of loans to increase their home's value.

While there are some risks associated with having too much home equity, such as being unable to sell or refinance if necessary, overall the majority of homeowners in this zip code are doing well financially based on their home equity levels alone.