49667, Merritt, MI

The 49667 zip code of Merritt, Michigan has a median home value of $128,000 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 $142,500. The 49667 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 66%.

There are several factors that may contribute to the low home values in the 49667 zip code. One reason may be that the area is not as affluent as other parts of Michigan. Another reason may be that there is less demand for homes in this area because it is not close to major metropolitan areas. Additionally, there may be fewer opportunities for people to buy or sell homes due to restrictions on housing development in this area.