49654, Leland, MI

The zip code 49654 in Leland, Michigan has a median home value of $137,000 and a median home equity of $119,000. This is significantly lower than the statewide median home value of $217,500 and statewide median home equity of $142,700.

There are several factors that may contribute to the lower values in the 49654 zip code. First, this area may have fewer high-value homes available for sale than other areas of Michigan. Second, there may be a greater number of low-value homes available for sale in this zip code than in other areas of Michigan. Finally, residents in this zip code may be more likely to owe more on their mortgages than residents in other areas of Michigan.

Despite these factors, it is still possible to achieve a healthy return on investment if you are looking to buy or sell a home in the 49654 zip code. Home values will likely continue to decline over time as the economy continues to struggle and more low-value homes become available for sale. However, if you are prepared to invest time and money into researching properties and negotiating deals with sellers, you should be able to achieve a positive return on your investment over time.