54456, Neillsville, WI

The 54456 zip code of Neillsville, WI has a median home value of $128,000. The home equity in this zip code is $54,000. This means that the majority of homeowners in this zip code have more than 50% equity in their homes. Additionally, the average home price in this zip code has increased by 8.5% over the past year. This indicates that there is strong demand for housing in this area and that prices are likely to continue to rise.

The main reasons why homeowners in the 54456 zip code have more than 50% equity in their homes are because of low interest rates and strong demand for housing. Low interest rates make it affordable for homeowners to borrow money to buy homes and increase their home equity. Additionally, Neillsville is a desirable location with a stable economy and many jobs available. This makes it difficult for people to find affordable housing elsewhere and leads them to purchase homes here instead.

Home prices are likely to continue rising in the 54456 zip code due to strong demand and low interest rates. As long as there is strong demand for housing and low interest rates remain unchanged, prices will continue to increase year after year