54534, Hurley, WI

The Hurley, WI 54534 zip code has a population of approximately 2,000 people. The median household income in the zip code is $53,000 and the median home value is $169,000. Home equity in this zip code is high compared to other areas of the country. In fact, according to Zillow's 2018 Home Value Index report, home equity in this zip code is more than double the national average of $100,000.

One reason for this high level of home equity in the Hurley zip code may be due to its low unemployment rate. According to the Bureau of Labor Statistics (BLS), unemployment in Hurley was 2.5% as of May 2018 which is lower than both Wisconsin's 3.8% unemployment rate and the national unemployment rate of 4%. Additionally, according to BLS data from 2016, there are only 1% more jobs available in Hurley than there were two years ago. This indicates that there are plenty of opportunities for residents to gain access to affordable homes and increase their home equity holdings.

Another factor that may contribute to high levels of home equity in Hurley are low interest rates. As of May 2018, interest rates were at historic lows which makes it easier for residents to borrow money against their homes and increase their home equity holdings. Low interest rates also make it more affordable for people who want to buy a house or refinance their existing mortgage into a higher-rate loan.

Overall, it appears that many factors contribute to high levels of home equity in the Hurley zip code including low unemployment rates and low interest rates. These factors make it possible for residents to gain access to affordable homes and increase their overall wealth holdings