53818, Platteville, WI

The Platteville, WI 53818 zip code has a median home value of $128,000 and a median home equity of $113,000. This is significantly lower than the Wisconsin state median home value of $183,500 and the national median home value of $217,500. The 53818 zip code also has a significantly lower home equity percentage than both the Wisconsin state percentage of 66% and the national percentage of 74%.

There are several factors that may contribute to the low home equity in the Platteville, WI 53818 zip code. One factor is that there are fewer homes in this zip code than in other areas of Wisconsin or the United States. Additionally, many homes in this zip code are older and may not be worth as much as newer homes. Finally, homeowners in this area may have taken on more debt to purchase their homes than homeowners elsewhere. Taken together, these factors may make it difficult for some homeowners to access enough money to pay off their mortgages or take other steps to increase their home equity.