49303, Bailey, MI

Bailey, MI is located in the western part of the state of Michigan. The zip code 49303 has a population of approximately 10,000 people. The median household income in this zip code is $51,000 which is lower than the national median household income of $53,046. However, the percentage of households earning less than $30,000 is higher than the national percentage of 23%. Additionally, the percentage of households earning more than $100,000 is lower than the national percentage of 27%.

The average home value in Bailey is $128,500 which is lower than the national average home value of $213,700. However, this zip code has a higher percentage (25%) of homes with an equity value greater than their mortgage balance. Additionally, this zip code has a higher percentage (34%)of homes with a mortgage balance that equals or exceeds their home equity value. These statistics suggest that homeownership rates are high in Bailey and that there are many opportunities for homeowners to improve their home equity by making modest improvements to their property.