53132, Franklin, WI

The 53132 zip code of Franklin, WI has a median home value of $128,000. The home equity in this zip code is $41,000. This means that the average homeowner in this zip code has over $68,000 in equity in their home.

This is a relatively high amount of equity for a zip code with such a low median income. It is likely that many homeowners in this zip code have taken advantage of low interest rates and have been able to build up significant amounts of equity over the years.

It is also worth noting that the average home value in Franklin, WI has increased significantly over the past few years. In 2013, the median home value was only $105,000. Since then, prices have steadily increased, reaching their current level in 2016.

This increase in home values may be due to several factors. First and foremost, Franklin is located within one of the most desirable areas of Wisconsin - Madison County has consistently ranked as one of the top 10 wealthiest counties nationwide since 19891 . Additionally, Franklin has seen strong growth both economically and population-wise over the past few years2 . This growth may be contributing to higher demand for housing stock and higher prices overall.