54494, Wisconsin Rapids, WI

Wisconsin Rapids is located in the 54494 zip code in Wisconsin Rapids, WI. According to the 2010 census, the population of Wisconsin Rapids was 21,898. Home prices in Wisconsin Rapids have increased significantly over the past few years and are now among some of the highest in the state.

The median home price in Wisconsin Rapids was $146,000 as of September 2013. This represents an increase of 116% from $68,000 as of September 2009. The average home price has also increased significantly over this time period, rising from $92,500 to $146,000. This indicates that there is a high demand for homes in Wisconsin Rapids and that buyers are willing to pay a high price for properties here.

One reason for this high demand may be that Wisconsin Rapids is located close to several major cities and townships such as Eau Claire, Wausau and Green Bay. These areas have a large population and are therefore likely to continue experiencing growth over the next few years. Additionally, many people who live in Wisconsin Rapids commute to work in one of these larger cities or townships which may also contribute to increased demand for homes here.

Despite these positive factors, there are some risks associated with buying a home in Wisconsin Rapids right now. One potential issue is that interest rates may rise over time which would make it more expensive for buyers to borrow money against their home equity loans or mortgages. Another potential issue is that the market could suddenly become saturated which would lead to a decrease in home prices and possibly even some homeowners who have been purchasing homes for investment purposes losing money on their investments. However, overall it appears that buyers are still very interested in purchasing homes within the 54494 zip code of Wisconsin Rapids and prices continue to rise accordingly