53042, Kiel, WI

Home equity and home prices in the 53042 zip code of Kiel, WI have seen a significant increase in recent years. The median home value in the 53042 zip code is $224,000, up from $174,000 in 2010. The average home value has increased by more than $100,000 since then. This increase is likely due to a number of factors including an improving economy and low interest rates.

The 53042 zip code is located in southeastern Wisconsin and includes parts of Kiel and Stoughton counties. It has a population of about 9,500 people. The majority of residents are white (79%), with a small percentage (8%) being Hispanic or Latino. The median age is about 44 years old.

The majority of residents (68%) own their homes outright, while 31% are homeowners with a mortgage. About 7% of residents are renters and 3% live in apartments or other types of housing not classified as homes. There is a relatively high rate (about 20%) of homeowners who have taken out mortgages for between 80% and 100% of the value of their homes. This suggests that many homeowners in the 53042 zip code are confident that they will be able to keep their homes for at least the next several years despite rising prices.

There has been an increase in both home equity and home prices over the past few years in the 53042 zip code due to several factors including an improving economy and low interest rates. Many homeowners appear to be confident that they will be able to keep their homes for at least the next several years despite rising prices