53588, Spring Green, WI

Home Equity and Home Prices in the 53588 Zip Code of Spring Green, WI

The home equity and home prices in the 53588 zip code of Spring Green, WI are quite high. The median home value in this zip code is $269,000, which is significantly higher than the Wisconsin state median home value of $146,500. Additionally, the percentage of homes that are owner-occupied in this zip code is significantly higher than the statewide percentage of owner-occupied homes at 69%. This indicates that there are a lot of people who own their homes in this zip code and are doing well financially.

One reason for this high level of home ownership may be the low level of unemployment in this zip code. The unemployment rate here is only 3%, which is much lower than the statewide unemployment rate of 4.9%. This low level of unemployment may make it more affordable for people to buy homes here and may also contribute to the high level of home equity in this area.

Another factor that may contribute to the high level of home equity in this area is the relatively low cost of living. The cost of housing here is only about one third what it costs statewide, so people can afford to buy more expensive homes without having to sacrifice too much on their qualityof life. Additionally, there are a lotof amenities available close to where most residents live, which makes it easy for them to enjoy all that Spring Green has to offer without having to spend a lot on transportation costs or other expenses associated with living far away from town.