49201, Jackson, MI

The zip code 49201 in Jackson, Michigan has a median home value of $153,000 and a median home equity of $117,000. This is a relatively high median home value and median home equity when compared to other zip codes in Michigan. The reason for this may be due to the high concentration of wealthy residents in this area. Additionally, the availability of expensive homes and low interest rates have helped to drive up prices over the past few years.

Despite these positive trends, there are still many homeowners who are struggling to afford their homes. In fact, nearly one-third of homeowners in the 49201 zip code are either underwater or just barely above water on their mortgages. This indicates that even though homeowners in this area have relatively high home values and equity levels, they are still vulnerable to economic downturns that could cause them to lose their homes.

Overall, it appears that homeowners in the 49201 zip code are doing well financially relative to most other residents in Michigan. However, there is always potential for economic volatility so it is important for homeowners to stay vigilant about possible risks and make sure they have adequate insurance coverage if necessary.