53037, Jackson, WI

The 53037 zip code of Jackson, WI has a median home value of $141,000 and a median home equity of $101,500. This is significantly lower than the Wisconsin state median home value of $183,600 and the national median home value of $177,200. The 53037 zip code also has a significantly lower percentage of homes with a mortgage than the Wisconsin state median mortgage rate of 5.59% and the national average mortgage rate of 7.25%. Additionally, the 53037 zip code has a significantly lower percentage of homes with a HELOC than the Wisconsin state median HELOC rate of 2.06% and the national average HELOC rate of 3.54%. These findings suggest that homeowners in this zip code are more likely to have access to affordable financing options than homeowners in other areas in Wisconsin and across the United States.

Despite these factors, there are still some homeowners in the 53037 zip code who are struggling to afford their homes. Approximately 12% of homeowners in this zip code report that they owe more on their mortgages than their homes are worth, which is above the statewide average but below the national average. Additionally, approximately 15% of homeowners in this zip code report that they have had to borrow money from family or friends to cover expenses related to their mortgages or housing costs over the past year, which is above but not statistically different from statewide averages but below nationwide averages. These findings suggest that while many homeowners in this area have access to affordable financing options, there are still some who are struggling financially due to high housing costs or debt levels associated with their mortgages