49229, Britton, MI

The 49229 zip code of Britton, Michigan has a median home value of $139,000 and a median home equity of $111,000. This is higher than the statewide median home value of $119,500 and the national median home equity of $106,200. The 49229 zip code has a lower than average percentage of homeowners with negative equity (-$24,000) compared to other Michigan zip codes (-$36,600). This indicates that more homeowners in this zip code have equity in their homes relative to other Michigan residents.

There are several factors that may contribute to the high home values in the 49229 zip code. First, Britton is located in an affluent area with a high population density. Second, there is a strong demand for housing in this area due to its proximity to major cities such as Detroit and Lansing. Third, many homeowners in this zip code have invested heavily in their homes over the years by upgrading their properties or adding features such as decks or pools. Fourth, there are relatively few foreclosures or short sales in this area which may lead to higher prices overall. Fifth, property taxes are relatively low compared to other parts of Michigan which may also contribute to high home values.