49783, Sault Sainte Marie, MI

The 49783 zip code of Sault Sainte Marie, MI has a median home value of $128,000. This is higher than the Michigan statewide median home value of $119,500. The 49783 zip code also has a higher than average percentage of homes with mortgages at 84%. This is higher than the Michigan statewide mortgage rate of 74%. The 49783 zip code also has a lower than average percentage of homes without mortgages at 6%. This is lower than the Michigan statewide mortgage rate of 8%.

There are many factors that contribute to the high home values in the 49783 zip code. One reason is that this area is located in a desirable location. It is close to both Lake Superior and Lake Huron which makes it an attractive place to live. Additionally, there are many affluent families in this area which means that there are more buyers who are willing to pay high prices for homes. Finally, the area has had very low unemployment rates over the past few years which means that there are more people who can afford to buy homes.