49089, Sherwood, MI

The Sherwood zip code 49089 has a population of around 8,000 people. The median household income in this zip code is $60,000, and the median home value is $160,000. This means that the home equity in this zip code is around $128,000.

The average rate of home equity growth in the 49089 zip code over the past five years has been around 10%. This means that on average, homes in this zip code have increased in value by about $10,000 each year. However, there have been periods where the rate of home equity growth has been much slower (or even negative), which means that homes in this zip code have actually decreased in value over that period of time.

Overall, it seems likely that homes in the 49089 zip code will continue to increase in value over the next few years. This is due to both strong market demand and relatively low levels of available supply (compared to other areas of Michigan).