49096, Vermontville, MI

The 49096 zip code of Vermontville, Michigan is located in the northern part of the state. It has a population of just over 1,000 people and an average household size of 2.5 people. The median income for residents in this zip code is $51,875, which is significantly lower than the statewide median income of $60,594. The unemployment rate for this zip code is also much higher than the statewide unemployment rate of 3.9%.

Home prices in this zip code are significantly lower than home prices statewide. The median home price in this zip code is just over $100,000 while the statewide median home price is over $200,000. Additionally, there are a significantly smaller number of homes available for sale in this zip code than there are across Michigan as a whole. As a result, homeownership rates in this zip code are also much lower than they are statewide. Just over 50% of households in this zipcode own their homes compared to nearly 70% across Michigan as a whole.

One reason that home prices and homeownership rates are so low in the 49096 zip code of Vermontville is that it has a high unemployment rate. Many people who would like to buy or own homes cannot do so because they cannot find jobs that pay enough to cover the costs associated with owning a home such as property taxes and mortgage payments. Additionally, many people who do have jobs may not be able to afford to live near where they work due to high housing costs and limited availability of affordable housing options within walking distance from work