53593, Verona, WI

The Verona, WI 53593 zip code has a population of approximately 10,000 people. The median household income in the Verona, WI 53593 zip code is $72,500. The median home value in the Verona, WI 53593 zip code is $224,000.

There has been an increase in home equity and home prices in the Verona, WI 53593 zip code over the past five years. In 2012, the median home value was $209,000. In 2016, the median home value increased to $224,000. This indicates that there has been an increase in demand for homes in the Verona, WI 53593 zip code and that there are more buyers than sellers.

One reason for this increase in demand for homes may be that there is a low unemployment rate in the Verona, WI 53593 zip code (3%). Additionally, many people are moving to the area because of its close proximity to Madison and Milwaukee (both about 30 minutes away). This influx of new residents may be contributing to an increase in demand for homes.

Another reason for increased demand for homes may be interest rates. Interest rates have remained low since 2008 which may have encouraged people to buy homes rather than rent them. Additionally, low interest rates may make it more affordable to borrow money against your home equity than other forms of debt such as credit cards or student loans. As a result of these factors – low interest rates and increasing demand – home prices have increased significantly over the past five years in the Verona, WI 53593 zip code