49628, Elberta, MI

The home equity and home prices in the 49628 zip code of Elberta, MI are very high. The median home value in this zip code is $236,000, which is more than twice the national median home value of $116,500. Additionally, the percentage of homes in this zip code that are worth more than $250,000 is significantly higher than the national percentage of homes that are worth more than $250,000. This indicates that there are a lot of high-value homes in this zip code.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of demand for high-value homes in Elberta. The city of Elberta has a population of just over 2,000 people and it is located near several popular tourist destinations such as Traverse City and Grand Haven. As a result, there is a lot of demand for luxury homes in this zip code.

Another reason why the home equity and home prices in this zip code are so high is because there are a lot of wealthy people living in Elberta. The median household income in this zipcode is $101,600, which is much higher than the national median household income of $53,046. This indicates that a lot of wealthy people live in Elberta and they want to buy luxury homes to live in.

Overall, it appears that the home equity and home prices in the 49628 zip code of Elberta are very high relative to other ZIP codes across Michigan and nationwide. If you want to buy a luxury house or condo within this ZIP Code you will likely need to have at least some money saved up already since these properties tend to be quite expensive.