54450, Mattoon, WI

The home equity and home prices in the 54450 zip code of Mattoon, WI are reflective of the overall market trends in the area. Over the past five years, home values have increased by an average of 6%. This is in line with national trends, where the average increase over this period has been 5%.

One reason for this increase is that there is a high demand for homes in Mattoon. The population has grown by 2%, which has led to an increase in demand for housing. Additionally, many people are choosing to buy homes instead of rent them. This is because rental prices have been on the rise recently, while home values have remained relatively stable.

Another factor that contributes to increased home values is low interest rates. Since 2007, interest rates have been at historic lows, which has made it more affordable to borrow money to purchase a home. In addition, there are a number of new developments being built in Mattoon that are adding more homes for sale.