49916, Chassell, MI

The 49916 zip code of Chassell, MI has a median home value of $119,000 and a median home equity value of $121,000. These values are higher than the statewide median home value of $117,500 and the national median home equity value of $106,200. This indicates that homes in the 49916 zip code are more valuable than average.

The 49916 zip code also has a high rate of homeownership: nearly 82% of households in this zip code own their homes. This is higher than the statewide homeownership rate of 69% and the national homeownership rate of 63%. This high rate of homeownership may be due to the high median home value and home equity values in this zip code. It may also be because there are relatively few homes for sale in this zip code, which may make it more difficult for someone who wants to buy a house to find one that is affordable.

Despite having a high rate of homeownership, there is still some demand for homes in the 49916 zip code. There were 1,527 active listings on Zillow as of March 2018. This indicates that there are still some houses available for purchase or rent in this zipcode.