49637, Grawn, MI

The zip code of 49637 in Grawn, Michigan has a median home value of $130,000 and a median home equity value of $112,000. These values are significantly lower than the statewide median home value of $247,500 and statewide median home equity value of $165,100. The reason for this discrepancy is likely due to the fact that the Grawn area is located in Macomb County which has one of the lowest population densities in Michigan. Additionally, many homes in this zip code are older and may not be worth as much as newer homes in more populated areas.

Despite these factors, there are still a number of homeowners who have benefited from rising home prices over the past few years. In fact, according to Zillow’s Home Value Index (HVI), Grawn ranks as one of the top 20 ZIP codes in Michigan with the highest average annual growth rate between 2013 and 2017 (4.5%). This strong performance is likely due to several factors including low unemployment rates and an influx of new residents who are seeking affordable housing options.

While it’s important to keep in mind that home values can fluctuate greatly from year-to-year depending on market conditions, it’s also worth noting that homeownership rates remain high in Grawn – at nearly 95% – which suggests that most people here are confident about their long-term prospects for housing prices.