53406, Racine, WI

The Racine, WI 53406 zip code has a population of around 100,000 people and is located in southeastern Wisconsin. The median home value in the Racine, WI 53406 zip code is $128,000 which is lower than the Wisconsin median home value of $157,500. The Racine, WI 53406 zip code has a lower home equity percentage than the Wisconsin median home equity percentage of 59%. There are a number of factors that could contribute to this difference including higher levels of unemployment and poverty in Racine, WI 53406 zip code.

Despite these disparities, there are still a number of homeowners in the Racine, WI 53406 zip code who are benefiting from high levels of home equity. Homeowners in the Racine, WI 53406 zip code have an average level of home equity that is 10% higher than homeowners in the Wisconsin median home equity percentage. This means that homeowners in the Racine, WI 53406 zip code have more money available to them to use as they see fit. This can include paying down debt or investing money into their homes or businesses.

While there are some homeowners who are benefiting from high levels of home equity in the Racine, WI 53406 zip code, there are also many homeowners who are struggling to maintain their homes and keep up with their mortgage payments. Approximately one-third (33%)of all homeowners in the Racine, WI 53406 zip code have at least one outstanding mortgage payment that is more than 30 days past due which is higher than the Wisconsin median mortgage payment delinquency rate of 27%. This indicates that there may be a number of homeowners who are struggling to make their monthly mortgage payments and could face foreclosure if they do not take action soon.