53931, Fairwater, WI

The home equity and home prices in the 53931 zip code of Fairwater, WI are quite high. The median home value in this zip code is $269,000, which is significantly higher than the Wisconsin state median home value of $146,500. Additionally, the percentage of homes in this zip code that are valued at over $300,000 is also high. This indicates that there are a lot of wealthy homeowners in this area.

One reason for the high home values and percentage of homes over $300,000 in this zip code may be because Fairwater is a desirable location. It is located close to both Milwaukee and Madison, two major cities with a lot of job opportunities. Additionally, Fairwater has many amenities that make it a desirable place to live including a golf course and lake.

Despite the high home values and percentage of homes over $300,000 in this zip code, it is not immune to economic downturns. For example, during the housing market crash of 2008-2009 there was a significant decrease in home values and percentage of homes over $300K in this zip code. However, since then prices have recovered somewhat and now stand at levels similar to those before the recessionary period.