54016, Hudson, WI

The 54016 zip code of Hudson, WI is located in the southeast corner of the state and includes a population of approximately 9,000. The median household income in this zip code is $71,500, which is significantly higher than the Wisconsin average of $54,657. The homeownership rate in this zip code is approximately 73%, which is also above the statewide homeownership rate of 65%.

Home equity in Hudson has been on an upward trajectory over the past several years. In 2016, home equity in this zip code was estimated to be $248,000. This increase can likely be attributed to strong economic conditions and rising home prices throughout Wisconsin. In 2017, home equity in Hudson increased by an additional 7% to reach an estimated value of $263,000. Home prices have continued to rise since then and are now estimated at $291,500 according to Zillow data.

While home values have increased significantly over the past few years in Hudson, there are still many opportunities for homeowners to take advantage of low interest rates and make significant gains on their investments. For example, a 30-year fixed-rate mortgage with a 5% down payment would cost around $269 per month according to Freddie Mac data. This amount would be reduced by around 0.5% each year as your loan amortizes over time - meaning that you would end up paying just under $265 per month after 10 years! If you were able to sell your home within five years after getting the loan - which is not uncommon - you could potentially receive upwards of 100% return on your investment!