53004, Belgium, WI

Belgium, Wisconsin is located in the 53004 zip code. According to the 2010 census, the population of Belgium was 2,811. The median household income in Belgium was $60,971. The median home value in Belgium was $162,500.

The average home equity and home prices in Belgium are higher than the national average. In 2010, the home equity and home prices in Belgium were both higher than the national average of $146,600. The highest home equity and home prices were found in neighborhoods near downtown Brussels and on Lake Michigan shorelines. The lowest home equity and home prices were found in rural areas outside of Brussels.

The majority of Belgians own their homes outright or with a mortgage that is less than 80% of the value of their homes. Homeownership rates are high compared to other U.S. states because Belgians have access to affordable financing through their government-backed banks and because there is little speculation involved in housing markets here like there is in many other parts of America. This stability has helped keep housing values high despite low interest rates throughout much of Europe over recent years

Despite these positive factors, there are some challenges facing homeownership rates here: for example, many people who want to buy a house cannot get approved for a mortgage due to stricter lending standards imposed by Belgian banks since the financial crisis Additionally, rising property taxes (which make up about one third of local government revenue) have made it harder for many people to afford homes even if they can get approved for a mortgage And finally, some people who do own their homes may find themselves struggling financially as rents continue to rise faster than inflation or wages Despite these challenges however, homeownership rates remain high by international standards and Belgian homeowners are generally very satisfied with their homes