49106, Bridgman, MI

The Bridgman zip code 49106 has a population of approximately 1,000 people. The median household income in this zip code is $50,000, and the median home value is $135,000. The homeownership rate in this zip code is approximately 68%, which is lower than the Michigan statewide homeownership rate of 74%.

There are a number of factors that may contribute to the low homeownership rate in the Bridgman zip code. One factor may be that there are a number of single-family homes in this zip code, which may not be ideal for families. Additionally, there are a number of vacant properties in this zip code, which could also lead to lower homeowner rates.

Despite these challenges, there are some positive trends associated with the homeownership rate in the Bridgman zip code. For example, the average age of homes in this zipcode is relatively young (27 years), which may indicate that more people are currently buying homes rather than renting them. Additionally, the percentage of owner-occupied homes in this zipcode is higher than the statewide percentage (68% vs. 54%). These factors suggest that there may be potential for increased home values and home equity growth within the Bridgman area over time if current trends continue.