54463, Pelican Lake, WI

The Pelican Lake, Wisconsin zip code 54463 has a population of 2,853 and a median household income of $60,000. The home equity in this zip code is $181,000 and the home prices are $236,500. This is a relatively high home equity and home prices for the area.

There are several factors that may contribute to the high home equity and home prices in this zip code. First, Pelican Lake is located in a desirable area with plenty of amenities available nearby. Second, the homes in this zip code are generally well-maintained and have low foreclosure rates. Finally, there is strong demand for housing in Pelican Lake due to its excellent quality of life and proximity to major cities such as Milwaukee and Madison.

Despite these positive factors, there are some potential challenges that could affect the long-term stability of the housing market in Pelican Lake. First, there could be an increase in interest rates which would make it more expensive for people to borrow money to buy homes. Second, if economic conditions worsen overall then people may be less likely to want to buy or invest in homes here due to concerns about future prospects. However, given the current strong demand for housing in Pelican Lake it is likely that these risks will not have a significant impact on market conditions over the long term.