49774, Pickford, MI

Home Equity and Home Prices in the 49774 Zip Code of Pickford, MI

The home equity and home prices in the 49774 zip code of Pickford, MI are both very high. The median home value in this zip code is $269,000, which is more than double the Michigan median home value of $116,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. Approximately 84% of homes in this zip code are worth more than their original purchase price. This is much higher than the statewide average of 54%.

One reason for this high level of home equity and home prices may be that there are a lot of wealthy people living in this zip code. The percentage of adults who have at least one million dollars in assets is extremely high here at 18%. This is significantly higher than the statewide average of 10%. Additionally, there are a lot of affluent families living in this area as well. The percentage of families with incomes over $200,000 is 12%, which is significantly higher than the statewide average of 5%. This may be contributing to the high level of home equity and home prices here.