53069, Okauchee, WI

The 53069 zip code of Okauchee, WI has a median home value of $144,900. This is significantly lower than the Wisconsin state median home value of $224,500. The 53069 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This indicates that most homeowners in the 53069 zip code are able to borrow against their home equity to finance their purchase.

There are several factors that may contribute to the lower home values in the 53069 zip code. One potential factor is that Okauchee is located in one of Wisconsin's more rural areas. As a result, there may be fewer homes for sale and those that are for sale may be more expensive due to limited competition. Additionally, Okauchee has been hit hard by the recession and many homeowners have had to reduce their spending or sell their homes at a loss. As a result, there may be less demand for homes in the 53069 zip code and consequently less demand for higher priced properties.

Despite these factors, it is still possible for someone who wants to buy a home in the 53069 zip code to do so at a reasonable price given the current market conditions. If you are interested in buying property in this area, it would be wise to consult with an experienced real estate agent who can help you assess your specific needs and find an appropriate property at an affordable price