49611, Alba, MI

The zip code of 49611 in Alba, Michigan has a median home value of $128,000. This is higher than the state median home value of $119,500 and the national median home value of $177,000. The percentage of homes in this zip code that are valued at over $200,000 is significantly higher than the state and national percentages. There are also a significant number of homes in this zip code that are valued at under $100,000.

The majority (60%) of homes in this zip code are owner-occupied while 40% are rented. This is lower than the state and national percentages which respectively have homeownership rates of 66% and 68%. The percentage of households earning over $75,000 is significantly higher than both the state and national percentages which both have household incomes over 50% percent. There is also a significant number (27%) of households earning under $25,000 which is lower than both the state (34%) and national (33%) percentages but still high compared to other ZIP codes in Michigan.

There has been an increase in home values over the past five years as shown by the graph below. This increase appears to be slowing down however so it will be interesting to see if prices continue to rise or if they plateau at some point soon.