49618, Boon, MI

The home equity and home prices in the 49618 zip code of Boon, MI have seen a significant increase over the past few years. In fact, according to Zillow, the median home value in this zip code is now $269,000. This is a significant increase from just a few years ago when the median home value was only $209,000.

There are several reasons why the home equity and home prices in this zip code have increased so much. First of all, there is a lot of new development happening in this area which has led to an increase in demand for homes. Additionally, Boon is located near several major cities which has also contributed to the rise in home values. Finally, there has been an influx of affluent families moving into this area which has also helped to drive up prices.

Despite these positive factors, there are still some risks associated with buying or owning a home in the 49618 zip code of Boon. For example, interest rates are currently very low which could lead to borrowers defaulting on their mortgages. Additionally, although prices have increased significantly over the past few years, they could still decline over time if there are any unforeseen economic conditions that arise.