49748, Hulbert, MI

The zip code 49748 in Hulbert, Michigan has a median home value of $123,000 and a median home equity of $111,000. This is significantly lower than the statewide median home value of $217,500 and statewide median home equity of $146,200. The average household income in 49748 is also significantly lower than the statewide average household income of $60,657.

There are several factors that may contribute to the low home values in 49748. First, this zip code is located in one of Michigan's more rural areas. Second, there are a large number of homes that are vacant or abandoned which may have decreased their value. Third, many homeowners in this zip code have taken out high-interest loans to purchase their homes which may have increased their debt burden and reduced their equity holdings. Finally, the market for homes in 49748 may be slow to recover from the recession which could lead to continued low prices for homes in this area.