49343, Sand Lake, MI

The zip code of 49343 in Sand Lake, Michigan has a median home value of $144,900 and a median home equity value of $141,000. These values are above the state median home value of $119,500 and the national median home equity value of $142,700.

There is a high concentration of homeowners in the 49343 zip code. Nearly two-thirds (64%) of homes in this zip code are owned by people who live in the area. This is significantly higher than the state and national percentages of homeownership. Homeownership is also positively correlated with income levels: households earning over $100,000 annually are more likely to own their homes than those earning less than $50,000 annually.

Despite this high concentration of homeownership, there is still significant demand for housing in the 49343 zip code. The average list price for homes sold in this zip code during 2017 was over three times greater than the average list price for all homes sold statewide that year. Additionally, during 2018 there were over twice as many sales as listings in this zip code – indicating that there is strong demand for housing here.