49945, Lake Linden, MI

Lake Linden, Michigan is located in the 49945 zip code. The median home value in this zip code is $161,000. The average home value in the 49945 zip code has increased by 7% over the past year and by 10% over the past five years. This increase can be attributed to a number of factors including an increase in demand for housing, low interest rates, and limited supply of homes available for purchase.

The average monthly mortgage payment for a home in this zip code is $1,851. This amount is lower than the national average mortgage payment which is $2,669. Additionally, Lake Linden has a low unemployment rate which contributes to an increase in demand for homes. Low interest rates also contribute to an increase in home values as buyers are able to borrow more money to purchase a home than they would if interest rates were higher.

The majority of residents living in Lake Linden own their homes outright or with a mortgage that does not require monthly payments. There are also a small number of residents who rent their homes and those who are currently living in their homes but have been unable to find another property that they can afford within the 49945 zip code area.