Zip Code:

49895, Wetmore, MI

49895 is a Michigan Zip code within the city of Wetmore and the county of Alger. Its population is roughly 652.

The Real Estate Market in the 49895 Zip Code of Wetmore, MI

Wetmore, Michigan is located in the 49895 zip code. According to the 2010 census, Wetmore has a population of 1,527. The median household income in Wetmore is $54,000 and the median family income is $60,000. The percentage of families living below the poverty line in Wetmore is 2%.

The home equity and home prices in Wetmore are very high compared to other zip codes in Michigan. The average home value in Wetmore is $184,000 and the average home equity value is $128,000. These values are much higher than the statewide averages of $130,800 and $114,200 respectively. This indicates that there are a lot of homes in Wetmore that are worth a lot of money.

One reason why the home values are so high in Wetmore is because there are a lot of wealthy people living there. The percentage of families with incomes over $100,000 is 44% which is much higher than the statewide average of 27%. This means that there are a lot of people who can afford to buy homes in Wetmore even if they don't have a lot of money saved up already.

Another reason why the home values are high in Wetmore is because there isn't much competition for homes there. There are only about 300 households living in Wetmore which means that it's difficult for someone else to buy or sell a house there without attracting attention from buyers or sellers alike. This makes it easier for people who want to buy or sell homes to do so without any hassle or competition from others.

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