49927, Gaastra, MI

The 49927 zip code of Gaastra, Michigan has a median home value of $137,000 and a median home equity value of $101,000. This is higher than the state median home value of $119,500 and the national median home value of $177,200. The 49927 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at only 7%. This is lower than the state average percentage of homeowners with negative equity (10%) and the national average percentage (13%).

There are several factors that may contribute to this high level of home equity in the 49927 zip code. First, Gaastra is an affluent area with a high rate of household income. Second, there are relatively few homes for sale in the 49927 zip code which may lead to increased prices and increased equity values. Third, there is a low rate of foreclosure activity in this zip code which may also lead to increased values. Finally, there is a low rate of unemployment in Gaastra which may also contribute to high levels of home equity.