49922, Dollar Bay, MI

The 49922 zip code of Dollar Bay, Michigan is located on the eastern shore of Lake Michigan and has a population of approximately 2,000. The median household income in the 49922 zip code is $51,912 and the median home value is $236,500. The average home size is 2,547 square feet and there are 1,811 single family homes and 514 condos in the area.

Home equity in the 49922 zip code has increased by 10% over the past year and home prices have increased by 7%. This increase in home values can be attributed to several factors including an increase in demand for housing due to an influx of new residents into the area as well as an increase in available inventory. In addition, interest rates have remained relatively low which has helped to stimulate home buying activity.

Despite these positive trends, there are still some areas of concern with regard to home equity and home prices in the 49922 zip code. For example, there is a significant shortage of affordable housing available which could lead to higher prices for existing homes as well as a decrease in demand for those homes. Additionally, although interest rates have remained low for a long period of time now, they may begin to rise at any time which could lead to a decrease in home values.