54303, Green Bay, WI

The 54303 zip code of Green Bay, WI is located in the north-central region of the state and has a population of approximately 73,000. The median household income in this zip code is $59,000 and the median home value is $164,900. Home equity in this zip code has increased by 7.5% over the past year and home prices have increased by 5.4%.

The main drivers of home equity growth in this zip code are strong job growth (+6%) and low interest rates (-0.5%). Additionally, there has been an increase in demand for housing due to an influx of new residents (+2%) and an increase in family size (+1%). Despite these positive trends, there are some challenges that could impact home equity growth over the long term. These include a potential slowdown in job growth or an increase in interest rates that would make borrowing more expensive.

Despite these challenges, homeownership remains a key component of economic stability for families and is still considered a key pathway to wealth accumulation over time. In addition to providing individuals with shelter and security, homeownership can also provide access to important financial resources such as insurance protection and tax breaks. As such, it is important that policymakers continue to support initiatives that promote homeownership across all regions of the country.