49744, Herron, MI

The Herron zip code 49744 has a population of around 10,000 people and is located in the western part of Michigan. The median home value in this zip code is $146,000 which is above the national median home value of $123,500. Home equity in this zip code has increased significantly over the past few years and now stands at around $200,000. This high level of home equity reflects the strong economy and low interest rates that are currently in place.

There are a number of factors that have contributed to the increase in home equity values in this zip code. First, there is a strong economy with low unemployment rates which means that there are more opportunities for people to buy homes and invest in their property values. Second, interest rates have been relatively low for a long time which makes it easier for people to borrow money to buy homes or to refinance their existing mortgages. Finally, Herron is located in a desirable area with plenty of amenities and good schools. This combination has made it easier for people to sell their homes and raise capital for other investments such as buying new cars or investing in stocks or bonds.