49852, Loretto, MI

The zip code of 49852 in Loretto, Michigan has a median home value of $131,000. This is above the state median home value of $119,500 and well above the national median home value of $177,200. The percentage of homes in this zip code that are valued at more than $200,000 is well above the state and national percentages.

There are a number of factors that may contribute to the high home values in this zip code. One potential reason is that Loretto is a desirable location with plenty of amenities and access to both public and private transportation. Additionally, many homes in this area were built between 2000 and 2010, which may have contributed to their increased value.

Despite these reasons, there are also some challenges facing homeowners in 49852. One issue is that the local economy has been weak recently, which could lead to fewer buyers interested in purchasing or selling homes in this area. Additionally, there has been an increase in housing prices across Michigan over the past few years, so it may be harder for residents here to keep up with increases if they want to sell their home within a reasonable timeframe.