53563, Milton, WI

The 53563 zip code of Milton, WI has a median home value of $135,000. This is significantly lower than the Wisconsin state median home value of $216,500. The 53563 zip code also has a significantly lower home equity percentage than the state average of 66%. This indicates that there are more homes in the 53563 zip code that are worth less than their original purchase price.

There are several factors that could be contributing to this trend. One possibility is that homes in the 53563 zip code have been impacted by recent economic downturns. Another possibility is that there are fewer homes available for sale in the 53563 zip code compared to other areas of Wisconsin. Finally, it's possible that buyers in the 53563 zip code are paying more for their homes than they would elsewhere in Wisconsin.

Whatever the reasons may be, it's clear that homeownership rates and home equity percentages in the 53563 zip code are lower than average. If you're thinking about buying or selling a home in this area, it might be worth considering whether or not you can afford to do so based on your current home equity percentage and house prices.