49822, Deerton, MI

The home equity and home prices in the 49822 zip code of Deerton, MI are quite high. The median home value in this zip code is $183,000, which is significantly higher than the Michigan median home value of $142,500. Additionally, the percentage of homes in this zip code that are worth more than $200,000 is also high at 29%. This indicates that there are a lot of wealthy homeowners in this area.

One reason for the high home values and percentage of homes worth more than $200,000 may be due to the fact that Deerton is a desirable location. It is located within close proximity to both Detroit and Ann Arbor, two major metropolitan areas with a lot of job opportunities. Additionally, Deerton has a good school system and plenty of amenities such as parks and recreation facilities. These factors likely contribute to the high demand for housing in this area.

Despite the high values and demand for housing in Deerton, there may be some potential buyers who are not able to afford these prices. For example, someone who makes less than $75k per year would likely not be able to afford a house in this zip code on their own without taking out substantial loans or using other methods such as renting out part of their property. Therefore, it is important for buyers who want to purchase a house in Deerton to do their research carefully before making an offer.