49864, Nahma, MI

The home equity and home prices in the 49864 zip code of Nahma, MI are reflective of the overall market conditions in this area. The median home value in this zip code is $119,000, which is lower than the statewide median home value of $157,500. This indicates that there is a higher percentage of homes for sale in this zip code than there are homes available for purchase. Additionally, the percentage of homes that are currently underwater (where the homeowner owes more on their mortgage than their home is worth) is also higher in this zip code than statewide averages. This suggests that homeownership rates and house prices are lower here relative to other areas within Michigan.

Despite these market conditions, there have been a few notable exceptions to the trend. In particular, two single-family detached homes located within Nahma's city limits have sold for over $200,000 each - an indication that there may be some opportunities for buyers who are willing to pay a bit more for a property. Overall, though, it appears that buyers who are looking to purchase or invest in property within Nahma should expect to pay more than they would elsewhere in Michigan.