49648, Kewadin, MI

The Kewadin, MI zip code 49648 has a population of just over 2,000 people and an average home value of just over $130,000. The median household income in the zip code is just under $50,000.

There are a number of factors that contribute to the high home values in the Kewadin zip code. First and foremost is the location - this is a rural area with few major attractions or businesses nearby. Additionally, there are very few homes for sale in the area - which means that buyers have plenty of opportunity to negotiate higher prices. Finally, there is a strong demand for homes in this area - both from local residents and those looking to buy property as an investment.

Despite these positive factors, there are some challenges facing homeowners in the Kewadin zip code. First and foremost is the fact that wages have not kept up with inflation over the past several years, meaning that many families are unable to afford to buy a home on their own income alone. Additionally, interest rates have been relatively low recently which has made it more difficult for people to get approved for loans and purchase a home outright. Finally, there is a lack of available housing stock - which means that even if someone can afford to buy a home, they may not be able to find one that meets their needs or budget.