49855, Marquette, MI

The home equity and home prices in the 49855 zip code of Marquette, MI are reflective of the overall market conditions in this area. Over the past five years, home values have increased by an average of 6.5%. This is significantly higher than the national average of 3.8%, but it is still below the statewide average of 8.4%. The main drivers behind this increase are likely to be strong economic conditions and low interest rates.

However, there are some important factors to consider when assessing whether or not to buy a home in Marquette. First and foremost, it is important to understand that there is a significant risk associated with buying a property in this area. While prices have increased over the past few years, they could also fall significantly if there were any major changes in the economy or if interest rates rose significantly. Secondly, while there is a lot of demand for homes in Marquette right now, it is possible that this will change over time as more people become aware of these opportunities and decide to buy property here. Finally, it is worth noting that while prices have increased over recent years, they are still relatively affordable when compared to other areas within Michigan.