53916, Beaver Dam, WI

The home equity and home prices in the 53916 zip code of Beaver Dam, WI are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $123,000. The average home value in this zip code has also increased significantly over the past few years. In 2014, the average home value was $236,000. This year, as of August 2017, the average home value is $269,000. This increase in home values can be attributed to a number of factors including an increase in demand for housing and an increase in prices for both residential and commercial property.

Another factor that has contributed to the high values in this zip code are the low interest rates currently available on mortgages. As of August 2017, the interest rate on a 30-year mortgage is only 3.94%, which is much lower than the national average interest rate of 4.41%. This low interest rate environment has made it easier for homeowners to borrow money to purchase homes and has helped to drive up prices across all types of property in Beaver Dam.

Despite these positive trends, there are some risks associated with buying a house in Beaver Dam right now. One risk is that prices could decline if there are any unforeseen economic or political events that negatively impact the economy or housing market conditions change significantly from what they are currently experiencing. Another risk is that if you do not have enough money saved up to cover a potential down payment on a house or if you cannot qualify for a conventional mortgage due to your credit score or other financial factors, you may be unable to purchase a house within your desired price range.