49252, Litchfield, MI

The zip code 49252 in Litchfield, Michigan has a median home value of $101,000 and a median home equity of $142,000. This is higher than the state median home value of $79,500 and the national median home equity of $102,200. The reason for this discrepancy may be due to the high concentration of homes in this zip code that are owned by retirees or people who have been in their homes for a long time. Additionally, there is a large number of single-family homes in this area which may also contribute to the high values.

On average, homeowners in 49252 spend about 31% of their income on mortgage payments and property taxes. This is lower than the state average (35%) and national average (37%). In addition, homeowners here have an average net worth of $203,000 which is higher than the state average ($181,700) and national average ($177,400). These high net worths may be due to the fact that many homeowners in this area are wealthy enough to afford high property values without having to rely on rental income or other sources of income.