53529, Dane, WI

The zip code 53529 in Dane, Wisconsin has a median home value of $183,500 and a median home equity of $141,000. The average list price for homes in this zip code is $191,000. This means that the typical homeowner in this zip code has over 20% equity in their home. Additionally, the average mortgage rate for homes in this zip code is 4.5%. This means that homeowners can borrow money at a relatively low interest rate to purchase a home in this area.

The reason that homeowners have such high levels of equity in their homes is likely due to the fact that Dane is a relatively affordable city to live in. The cost of living here is lower than many other cities across the country, which allows people to save more money and invest it into their homes. Additionally, Dane has a strong economy which leads to high levels of job growth and wages. This means that people can afford to buy homes here without having to worry about being able to afford monthly payments or having too much debt attached to their mortgage.