54829, Cumberland, WI

The home equity and home prices in the 54829 zip code of Cumberland, WI are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $102,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there is a high demand for homes in this zip code that are worth a significant amount of money.

One reason why the home equity and home prices in this zip code are so high is because there is a large number of affluent residents living in this area. The percentage of households earning over $100,000 per year is significantly higher than the national percentage of households earning over $100,000 per year. This indicates that there is a lot of money available to purchase homes in this area. Additionally, the number of college graduates living in this zip code is also high compared to the national percentage of college graduates living in this area. This indicates that there are a lot of people who have enough money to buy a home and invest it into property values within this zip code.

Despite these factors contributing to the high home equity and home prices within 54829 zip code Cumberland, WI homeownership rates remain relatively low compared to other areas within Wisconsin. The homeownership rate for all Zip Codes within Dane County was 67% as of 2016 which was lower than both Milwaukee County (78%) and Waukesha County (72%). However despite having lower homeownership rates Cumberland Zip Code still has one third more owner occupied housing units then all three counties combined!