49277, Rives Junction, MI

The zip code 49277 in Rives Junction, Michigan has a median home value of $101,000 and a median home equity value of $128,000. This is higher than the state median home value of $79,500 and the national median home equity value of $102,200. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is lower than the state percentage of homeowners with mortgages at 71% and the national percentage of homeowners with mortgages at 74%.

There are several factors that may contribute to these high home values in this zip code. First, Rives Junction is located in an affluent area with a high rate of population growth. Second, there are many luxury homes available for sale in this zip code which may lead to increased demand and higher prices. Third, Rives Junction has low rates of foreclosure activity which may also contribute to high home values. Finally, there is a strong market for residential real estate in this area which may continue to drive up prices over time.