49336, Morley, MI

Home Equity and Home Prices in the 49336 Zip Code of Morley, MI

The zip code of 49336 located in Morley, Michigan has a median home value of $127,000. This is lower than the state median home value of $157,600 and the national median home value of $177,200. The percentage of homes in this zip code that are valued at less than $100,000 is significantly higher than the state and national percentages.

The percentage of homes in this zip code that are valued at more than $300,000 is significantly lower than both the state and national percentages. The percentage of homes in this zip code that are valued at more than $500,000 is also significantly lower than both the state and national percentages.

Despite having a lower median home value compared to other areas within Michigan and across the United States, there is still a high concentration of wealth within this zip code. There are approximately one-third (33%)of homes in this zip code that are valued at more than $1 million. This compares to only 10%of all homes in Michigan and 3%of all homes nationwide that are valued at more than $1 million.

Despite having a high concentration of wealth, there is still significant demand for housing within this zip code. There are currently over 2200 active listings available within this zipcode which represents an inventory shortage relative to current demand levels.