49960, Rockland, MI

The 49960 zip code of Rockland, Michigan has a median home value of $109,900 and a median home equity value of $137,500. These values are significantly higher than the statewide median home value of $86,600 and statewide median home equity value of $111,100. The 49960 zip code is also considerably wealthier than the state as a whole. The percentage of households in the 49960 zip code with an income over $200,000 is nearly double the percentage for Michigan as a whole (25% vs 12%).

One reason for this disparity in wealth may be that the 49960 zip code is more affluent than the state as a whole. The percentage of households in the 49960 zip code with an income over $200,000 is nearly double the percentage for Michigan as a whole (25% vs 12%). Additionally, there are more affluent households in this zip code than in most other parts of Michigan. For example, there are twice as many households earning over $250,000 per year compared to statewide average (10% vs 5%). This high level of affluence may be due to factors such as excellent schools and access to good jobs.

Despite these advantages however, it appears that Rockland's high level of wealth has not translated into increased prices for homes in this area. Median home values have only increased by 2% since 2010 while prices have increased by almost 10% statewide during that time period. This discrepancy may be due to several factors including low levels of inventory and strong demand from buyers who can afford to pay top dollar for homes in this area.