49746, Hillman, MI

The zip code 49746 in Hillman, Michigan has a median home value of $128,000 and a median home equity value of $101,000. This is higher than the statewide median home value of $117,500 and the national median home equity value of $106,200. The Hillman zip code also has a lower than average rate of homeownership at just 61%. This is lower than the statewide homeownership rate of 67% and the national homeownership rate of 69%.

There are several factors that may contribute to the high home values in the 49746 zip code. First, Hillman is located in a desirable area with plenty of amenities and access to public transportation. Second, there are relatively few homes for sale in this zip code which may lead to increased demand and higher prices. Finally, many residents in this zip code may have invested their equity in their homes which could make them more reluctant to sell or rent their homes.