54840, Grantsburg, WI

The zip code 54840 in Grantsburg, WI has a median home value of $151,000 and a median home equity value of $119,000. These values are above the Wisconsin state median home value of $135,800 and the national median home equity value of $142,200. The percentage of homes in the zip code with a mortgage is below the state average (50%) and below the national average (60%). The percentage of homes in the zip code with a loan-to-value ratio above 100% is also below state and national averages.

There are several factors that may contribute to these lower mortgage rates in 54840. First, this zip code is located within Dane County which has one of the lowest unemployment rates in Wisconsin at 3.5%. Second, there are relatively few properties for sale in this zip code which may be contributing to low interest rates. Finally, Grantburg residents may have more money available to put towards their mortgages due to strong home prices relative to other areas of Wisconsin or the United States.