49862, Munising, MI

The zip code of 49862 in Munising, Michigan has a median home value of $128,000 and a median home equity value of $101,000. These values are significantly lower than the state median home value of $217,500 and the national median home equity value of $142,200. The reasons for these low values are likely due to the fact that the zip code is located in a rural area with few jobs and little economic development.

Despite these low values, there are still a number of homeowners in the 49862 zip code who are able to use their home equity to finance other investments or pay down debt. Additionally, many homeowners in this zip code have taken advantage of available incentives such as low interest rates and tax breaks to increase their home equity values.