49650, Lake Ann, MI

Lake Ann is located in the 49650 zip code in Michigan. The median home value in this zip code is $158,900 and the median home equity value is $101,700. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price growth rate for this zip code over the past five years has been 6%. This indicates that there is a lot of demand for homes in this area and that prices are likely to continue to rise.

One reason why prices have increased so much in Lake Ann is because of its strong economy. The unemployment rate here is only 3%, which is much lower than the national average of 5%. Additionally, there are a number of businesses located in and around Lake Ann, which has led to an increase in jobs and income. As a result, people are able to afford more expensive homes here and are not as likely to need to take out loans to buy one.

Another factor that has contributed to high home values in Lake Ann is its location. This area is close to many major cities such as Detroit, Lansing, Grand Rapids, and Flint. This makes it an attractive place to live and work, especially given all of the new development happening nearby. In addition, many people who live here commute into one of these larger cities for work each day – meaning that they have plenty of opportunities available to them both inside and outside their local community.

Overall, it appears that there is a lot of demand for homes in Lake Ann – both from current residents who want to stay put or from those looking for an affordable place to invest money while their finances grow even faster than average. With rising prices expected over the next few years, it would be wise for anyone looking into buying or selling a home hereto do their research first so they can make informed decisions about what might be best for them financially