49423, Holland, MI

The zip code 49423 in Holland, Michigan has a population of around 10,000 people. The median household income is around $60,000 and the median home value is around $185,000. This means that the home equity in this zip code is around $130,000.

There are a lot of factors that affect home equity values. These include the market conditions in which a particular area is located, the amount of debt on a property and how well it has been maintained. Generally speaking, homes that are closer to major cities or those with newer construction tend to have higher home equity values than homes in rural areas or those built decades ago.

Another factor that affects home equity values is interest rates. When interest rates are high, it makes it more expensive for people to borrow money to buy a house and their home equity value will be lower as a result. Conversely, when interest rates are low, it becomes cheaper for people to borrow money and their home equity value will be higher.