54652, Readstown, WI

Home Equity and Home Prices in the 54652 Zip Code of Readstown, WI

The zip code 54652 of Readstown, Wisconsin has a median home value of $158,000 and a median home equity value of $111,000. This is higher than the state median home value of $146,500 and the national median home equity value of $100,000. The zip code also has a lower than average rate of homeownership at 63%. This is likely due to its high percentage of single-family homes (86%) as opposed to apartments or condos (14%).

Despite this fact, the zip code still experiences high levels of demand for housing. In 2016 there were 2,547 active listings in the zip code and an average days on market was 97. This indicates that there is strong demand for housing in this area despite its low rate of homeownership.

One reason for this strong demand may be that Readstown is located within close proximity to several major cities such as Madison, Milwaukee and Chicago. These cities have a large population that is looking for affordable housing options close to their work locations. Additionally, many people who live in Readstown commute into one or more of these larger cities for work each day which adds to the demand for housing in this area.

Despite these factors indicating strong demand for housing in the 54652 zip code, it may not be possible to meet all these demands without increasing rates or decreasing availability. If rates continue to increase faster than inflation then some people who are currently able to afford homes may no longer be able to do so because their incomes will not keep up with rising prices. Additionally if new development projects are not approved then there could be less available homes on the market which would lead to even higher prices due to increased competition among buyers