54495, Wisconsin Rapids, WI

Wisconsin Rapids, WI is located in the 54495 zip code. According to the 2010 census, Wisconsin Rapids has a population of 10,814. The median household income in Wisconsin Rapids was $51,964. Home equity and home prices in Wisconsin Rapids are important factors to consider when looking at purchasing a home.

According to Zillow’s Home Value Index for ZIP Codes within 50 miles of Milwaukee (ZIP Code 54495), the median home value in Wisconsin Rapids was $127,000 as of September 30th, 2018. This is above the statewide median home value of $119,500 and well above the national median home value of $177,600. Additionally, Zillow’s Home Value Index shows that Wisconsin Rapids has seen an increase in its home values over the past year (+5%).

Wisconsin Rapids is not alone when it comes to experiencing high home values and strong growth rates; ZIP Codes within 50 miles of Milwaukee have seen similar trends over recent years. According to data from Redfin (ZIP Code 54495), as of May 2019 there are currently 97 active listings in ZIP Code 54495 – an increase from 69 active listings as of May 2018. This indicates that there is strong demand for homes in this area and that buyers are willing to pay high prices for properties here.

While homeownership rates vary significantly by region throughout the United States (ranging from around 65% down to just below 40%), according to Zillow’s 2019 State Of The Market Report homeownership rates in ZIP Codes within 50 miles of Milwaukee range from a low of 58% down to a high of 76%. This indicates that there is significant demand for homes here – both among current homeowners and potential buyers – which likely contributes to higher home values and stability across neighborhoods throughout Wisconsin Rapids.

Overall, it appears that homeownership rates are high relative to other areas within 50 miles of Milwaukee due to strong demand for homes coupled with relatively low supply – which likely drives up prices accordingly. Additionally, while mortgage interest rates have been on a downward trend recently (currently at 3%), they remain relatively high when compared with historical averages (currently at 4%). As such, buyers should be prepared to pay somewhat more than average mortgage payments if they want access to properties like those found in Wisconsin Rapids.