Zip Code:

49221, Adrian, MI

49221 is a Michigan Zip code within the city of Adrian and the county of Lenawee County. Its population is roughly 40,423.

The Real Estate Market in the 49221 Zip Code of Adrian, MI

The zip code 49221 in Adrian, Michigan has a median home value of $130,000 and a median home equity of $101,000. This is significantly lower than the statewide median home value of $217,500 and statewide median home equity of $142,500. The 49221 zip code also has a much lower percentage of homes with mortgages (41%) than the statewide percentage (60%). These disparities may be due to the fact that Adrian is a small town with fewer affluent residents or because more people in this zip code are renters.

Despite these disparities, there are some positive trends for homeowners in the 49221 zip code. The average homeowner in this area has been living in their home for 6 years longer than the statewide average. Additionally, homeownership rates have increased by 2% since 2009 which is above the state trend but still below the national trend. Finally, despite having lower home values and percentages of homeownership, Adrian homeowners have seen their incomes grow faster than those living anywhere else in Michigan over this same time period.

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