54756, Nelson, WI

Home Equity and Home Prices in the 54756 Zip Code of Nelson, WI

There is no doubt that home equity is one of the most important assets that a person can have. It gives individuals the ability to borrow money against their homes and use the money for other purposes, such as paying off debt or investing in other assets. In addition, home equity can also be used to pay for expenses such as mortgages, property taxes, and insurance premiums.

According to Zillow’s 2018 report on U.S. homeownership rates, Nelson has a homeownership rate of 66%. This means that 66% of households in this zip code own their homes outright or have a mortgage that is less than 90% of the value of their home. This high rate of homeownership is likely due to the low cost of housing in this area and the fact that there are many opportunities for people to buy homes here.

Despite this high rate of homeownership, there has been an increase in home prices over the past few years. The median sale price for single-family homes in Nelson was $209,000 in 2017 and $236,000 in 2018 according to Zillow’s reports. While these prices are not as high as some areas around Milwaukee or Madison (where median sale prices were over $300,000), they are still higher than average prices across Wisconsin.

One reason why home prices have increased so much recently is because there has been an influx of buyers into Nelson who are looking for good deals on houses. According to MLS data from Movoto Real Estate Group (a company that specializes in analyzing real estate data), 95% of all properties sold within ZIP code 54756 between January 1st and December 31st were sold within two months (meaning that 95% were sold within six months). This indicates that there are many people who are interested in buying homes here but don’t have enough time or money to wait for a more desirable property to come up for sale.

While it is good news that there is strong demand for homes here, it could lead to problems down the road if too many people try to buy up all available properties at once. If this happens, then it could lead to higher prices and fewer available homes for people who actually want one – which would likely cause them difficulty when trying to purchase a house or get approved for a mortgage.