53005, Brookfield, WI

Home Equity and Home Prices in the 53005 Zip Code of Brookfield, WI

The home equity and home prices in the 53005 zip code of Brookfield, WI are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, approximately 68% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of approximately 44%.

One possible explanation for these high home values and percentages is that there are a lot of wealthy people living in this zip code. The percentage of adults with a college degree or higher is above the national average, and there are also a lot of affluent families living here. Additionally, many people who live in this zip code own their homes outright rather than using a mortgage or other form of financing. This may make it easier for them to afford to buy a house that is worth a lot more than what they would be able to afford if they were using a loan.

Despite these high home values and percentages, it's important to keep in mind that not everyone who lives in this zip code can afford to buy a house that is worth $269,000 or more. There are also many low-income families living here as well. So while it's definitely advantageous for people to live in an area with high home values and percentages, it's important not to overreact when looking at these numbers alone - they don't necessarily reflect everything about the quality of life or economy in this particular area.