49659, Mancelona, MI

The 49659 zip code of Mancelona, MI is located in the northern Lower Peninsula of Michigan. The area has a population of approximately 2,000 people and is home to a variety of businesses and industries. The median household income in the zip code is $60,000, which is lower than the statewide median household income of $75,000. In addition, the percentage of households that are below the poverty line is higher than the statewide percentage of 15%.

Despite these challenges, there are some positive indicators for homeowners in the 49659 zip code. For example, homeownership rates are above average for Michigan (68%), and there are relatively few foreclosures (2%). Additionally, home values have increased significantly over the past five years (by 29%), which indicates that there is strong demand for homes in this area.

Despite these positive trends, it's important to keep in mind that home equity and home prices can be volatile and subject to market fluctuations. As such, it's important to consult with a financial advisor if you're considering purchasing or selling a home in this area.