49738, Grayling, MI

The zip code 49738 in Grayling, Michigan has a median home value of $101,000 and a median home equity value of $111,000. This is higher than the statewide median home value of $79,500 and the national median home equity value of $106,200. The zip code also has a lower than average percentage of homes with mortgages at 66%. This is higher than the statewide percentage of homes with mortgages at 62% but lower than the national percentage of homes with mortgages at 74%.

There are several factors that may contribute to the high home values in 49738. First, Grayling is located in an affluent area with a high population density. Second, there are many luxury homes in this zip code which may be worth more because they are rare and not available elsewhere. Third, Grayling has been experiencing an upswing in prices over the past few years which may be due to strong economic conditions or limited availability of properties for sale. Finally, Grayling residents have a high level of equity in their homes which gives them some security if they need to leave town or if their property values decline.