49534, Grand Rapids, MI

Home Equity and Home Prices in the 49534 Zip Code of Grand Rapids, MI

The zip code of 49534 in Grand Rapids, Michigan has a median home value of $137,500. This is higher than the state median home value of $116,200 and the national median home value of $177,600. The zip code also has a lower than average percentage of homes that are valued at less than $50,000. This indicates that there are more expensive homes in this zip code compared to other areas in Michigan.

In addition to having a high median home value, the 49534 zip code also has a high percentage of homes that are valued at over $300,000. This indicates that there are a lot of wealthy residents in this area. It is also worth noting that the percentage of homes valued at over $1 million is higher than the state and national percentages. This may be due to the high concentration of businesses and wealthy people in this area.

Despite having a high percentage of homes that are worth over $300,000, the 49534 zip code still has a low number of homes that are valued at less than $100,000. This indicates that there is an even distribution among all types of homes in this area.

Overall, it can be seen that there is a lotofhome equityandhome pricesinthe499534zipcodeofGrandRapids Michigan