49910, Bergland, MI

The 49910 zip code of Bergland, Michigan has a median home value of $131,000. This is a decrease from the median home value of $143,000 in 2016. The average home price in the 49910 zip code decreased by 1.5% from 2016 to 2017. The reason for this decrease is unknown, but could be due to market conditions or changes in the local economy.

In terms of home equity, 49% of households in the 49910 zip code have more equity in their homes than they did five years ago. This percentage is lower than the statewide average of 58%. However, it is higher than the percentage found in 49% of households nationwide. This suggests that homeownership rates are higher in Bergland than elsewhere within Michigan and across the United States.

Bergland homeowners are also more likely to have a mortgage on their homes than homeowners elsewhere within Michigan and across the United States. In fact, 78% of households in Bergland have a mortgage on their homes, which is higher than both statewide averages (66%) and national averages (70%). This suggests that Berglanders are more likely to be financially secure when purchasing a home and that mortgages are available at reasonable rates within this community.