53922, Burnett, WI

The Burnett, WI 53922 zip code has a population of approximately 9,000 people. The median household income in the zip code is $64,000 and the median home value is $169,500. The home equity and home prices in this zip code are both very high.

There are a number of reasons why the home equity and home prices in the 53922 zip code are so high. First, Burnett is located in one of the most desirable areas of Wisconsin. Second, there is a lot of demand for homes in this area because of its proximity to major cities like Milwaukee and Madison. Third, many people who live in Burnett own their homes outright which means they don't have to worry about mortgage payments or interest rates. Fourth, there is a lot of investment money available to buy homes in this area due to the high stock market values. Fifth, many people who live in Burnett are able to afford to buy homes because they have good incomes and savings accounts. Sixth, there is a low level of unemployment in this area which means that more people can afford to buy homes than would be possible if there were more jobs available. Seventh, the government has made it easier for people to get mortgages by offering low interest rates on loans since 2007. Eighth, many homeowners have taken out second mortgages or HELOCs (home equity lines of credit) which allows them to borrow additional money against their home equity without having to sell their house or take out another loan on their house. Ninth, many homeowners have been able to refinance their mortgages at lower interest rates which has increased their home equity even further. Finally, Burnett has seen an increase in sales prices over the past few years which has helped increase its overall value as well as its home equity values