54170, Shiocton, WI

The 54170 zip code of Shiocton, WI has a median home value of $123,000 and a median home equity value of $119,000. These values are significantly lower than the Wisconsin state median home value of $169,900 and the national median home value of $217,500. The 54170 zip code also has a significantly lower percentage of homeowners with a mortgage than the state or national average. Approximately 58% of homeowners in the 54170 zip code have a mortgage, compared to 69% and 74% statewide and nationally, respectively. Additionally, the 54170 zip code has a significantly lower percentage of homeowners who owe more on their mortgage than their home equity (14% vs. 21% statewide and 23% nationally). This indicates that many homeowners in the 54170 zip code are able to maintain significant equity in their homes despite having high levels of debt.

The low levels of homeowner debt and equity may be due in part to the low level of housing prices in Shiocton. The average house price in Shiocton is only $128,000 - far below both Wisconsin's statewide average house price ($169,900) and national average house price ($217,500). Additionally, approximately 60%of homes in Shiocton are owner-occupied rather than rented - another factor that may contribute to low levels of homeowner debt. In addition to low housing prices and owner-occupancy rates, other factors that may contribute to low levels homeowner debt include strong job growth prospects within the local economy (particularly within manufacturing), modest inflation rates over recent years, and relatively low interest rates available on mortgages today.