49717, Burt Lake, MI

The 49717 zip code of Burt Lake, MI has a median home value of $128,000 and a median home equity value of $141,000. These values are higher than the statewide median home value of $119,500 and the national median home equity value of $117,200. The 49717 zip code also has a lower than average percentage of homeowners with negative equity (less than 20%): only 7.5% of homes in this zip code have negative equity.

The high home values and low percentage of homeowners with negative equity may be due to the strong economy in the 49717 zip code. The unemployment rate in this zip code is 3%, which is lower than the Michigan state unemployment rate (4%) and national unemployment rate (6%). Additionally, the average household income in this zip code is above the statewide average ($60,700) and national average ($53,046). These factors may contribute to why more homes in this zip code have positive equity relative to other areas across Michigan and the United States.