49925, Ewen, MI

The 49925 zip code of Ewen, Michigan has a population of approximately 1,000 people. The median household income in this zip code is $50,000 and the median home value is $190,000. Home equity in this zip code is relatively high compared to other areas of the country. In fact, the average home equity in the United States is only $100,000. This suggests that there are a lot of homeowners in this area who are able to use their home equity to finance other expenses or investments.

One reason why home equity is high in this zip code is because there are a lot of wealthy residents here. The average household income in this area is well above the national average and the percentage of households with an income over $200,000 is also high. This means that a lot of people here have enough money saved up to use their home equity as a source of financing.

Another reason why home equity is high in this area is because there are a lot of expensive homes available for sale. The median home value in this zip code is nearly twice as much as the national average and there are also a lot of luxury homes available for sale here. This means that even if you don't have enough money to buy a house outright, you can still get access to your home's equity by buying one of these expensive homes.

Overall, it seems that homeownership rates and home values are both high in the 49925 zip code of Ewen, Michigan which suggests that people here are able to use their homes as valuable financial assets.