49507, Grand Rapids, MI

The Grand Rapids zip code 49507 has a population of around 197,000 people and is located in the western part of the state of Michigan. Home equity in this zip code is currently at an all-time high, with home prices having increased by over 20% since 2007. This increase in home prices has led to a large increase in homeowners' equity, which stands at over $200,000 as of 2016.

One reason for the high home equity in this zip code is that Grand Rapids has seen strong job growth over the past few years. The city's economy has been expanding rapidly due to its strong manufacturing sector and its status as a center for health care services. As a result, there are plenty of people who are able to afford to buy homes here and invest in their homes' value.

Another factor contributing to the high home equity in this zip code is the low interest rates that are currently available. Since 2007, interest rates have been relatively low overall, but they have been especially low here in Grand Rapids. This means that homeowners who have invested their money wisely can see significant increases in their home's value over time due to the appreciation of their property's worth.