49267, Ottawa Lake, MI

The zip code 49267 in Ottawa Lake, Michigan has a population of approximately 2,000 people. The median household income is $60,000 and the median home value is $236,500. The home equity and home prices in this zip code are both relatively high when compared to other zip codes in Michigan.

One reason for this high home equity and home prices in the 49267 zip code of Ottawa Lake, Michigan may be due to the fact that this area is located within a desirable area of the state. The Ottawa Lake area is situated just north of Traverse City and just south of Cadillac. This location makes it a popular tourist destination for people who enjoy nature and outdoor activities. Additionally, many people who live in the 49267 zip code commute to work in nearby cities such as Cadillac or Traverse City which may also contribute to the high home equity and home prices in this area.

Another possible reason for the high home equity and home prices in the 49267 zip code of Ottawa Lake, Michigan may be due to limited availability of housing stock within this area. There are only a few hundred homes available for sale within this zip code which may make it more difficult for potential buyers to find a suitable property. In addition, many homes that are available for sale within this zip code are older homes that may not meet modern standards or requirements. As a result, these homes may not be as appealing to potential buyers who are looking for newer properties with updated features or amenities.