53715, Madison, WI

Home Equity in the 53715 Zip Code of Madison, WI

The zip code of 53715 in Madison, WI has a median home equity of $161,000. This is higher than the Wisconsin state median home equity of $146,500. The zip code has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity).

There are several factors that may contribute to this high level of home equity in the 53715 zip code. First, Madison is a desirable city to live in and has a low unemployment rate. Second, many homeowners in this zip code have taken advantage of low interest rates over the past few years to refinance their homes and increase their home equity. Finally, many homeowners in this zip code have invested money into their homes through renovations or additions which also increases their home equity.

Overall, the high level of home equity in the 53715 zip code indicates that many homeowners are confident in their ability to maintain and even increase their property values over time. This confidence may be especially beneficial for those who plan on staying in their homes for an extended period of time - having more capital available to make updates or repairs without worrying about hitting financial constraints is likely a major factor contributing to this high level of home ownership satisfaction.