54754, Merrillan, WI

The 54754 zip code of Merrillan, WI has a median home value of $146,000 and a median home equity value of $128,000. This is significantly lower than the Wisconsin state median home value of $183,600 and the national median home value of $217,500. The reason for this discrepancy is likely due to the fact that Merrillan is located in an economically depressed area of Wisconsin. Additionally, many homes in this zip code are owned by retirees who may not be able to sell their homes for as much money as someone who is currently living in the area.

Despite these factors, there are still a number of homeowners in the 54754 zip code who are benefiting from the current low housing market conditions. For example, someone who bought their home five years ago may now be able to sell it for more than they paid for it because there are so few available properties on the market. Conversely, someone who buys a home today may not be able to sell it for as much money as they would like because there are so many people looking to purchase homes at current prices.

Overall, while homeownership rates in Merrillan are lower than average, there is still significant demand for properties within this zip code. This means that regardless of whether or not prices rise over time, most homeowners in Merrillan will continue to benefit from low interest rates and stable housing markets