53209, Milwaukee, WI

The 53209 zip code of Milwaukee, WI has a population of over 261,000 people and a median home value of $145,000. The home equity in this zip code is high compared to the rest of the country. In fact, according to Zillow, the median home equity in this zip code is $128,500 which is more than double the national median home equity of $60,000.

One reason for this high level of home equity in this zip code may be due to the low interest rates that are currently available. According to Bankrate.com, the average interest rate on a 30-year fixed-rate mortgage in Milwaukee is just 3.98%. This means that homeowners can get a great deal on their mortgage by locking in their current rate for several years.

Another factor that may contribute to the high level of home equity in this zip code is the strong economy here. Since 2007, Milwaukee has had one of the strongest economies in America and businesses have been able to expand and hire more employees. This has led to an increase in demand for homes and increased prices for homes throughout Milwaukee.

Overall, it seems clear that there are many reasons why the level of home equity in this zip code is high compared to other areas across America. Homeowners here can benefit from low interest rates and an overall strong economy by locking in their current rate for several years or by buying a new home that is already priced at a lower price than what they would be able to find elsewhere.