53189, Waukesha, WI

The 53189 zip code of Waukesha, WI has a median home value of $158,000 and a median home equity of $101,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home value in this zip code has increased by 5.8% over the past year.

There are many factors that contribute to the high home values in this zip code. One reason is that Waukesha is a desirable location with plenty of amenities and opportunities for growth. Additionally, there is strong demand for housing in this area due to its proximity to major cities like Milwaukee and Madison as well as excellent schools and transportation options.

Despite these positive factors, there are some risks associated with buying a home in this area. One potential issue is that prices may continue to rise faster than inflation over the long term, which could lead to significant financial losses if you don't have enough money saved up to cover your mortgage payments on time. Another potential issue is that interest rates could go up at any time, which would make it more expensive for buyers to borrow money against their homes' equity.