54843, Hayward, WI

The 54843 zip code of Hayward, WI has a median home value of $148,900. Home prices in this zip code have increased by 8.8% over the past year and are projected to increase by an additional 4.5% within the next year. In addition, the average home size in this zip code is 2,711 square feet which is larger than the Wisconsin average of 2,481 square feet. The majority of homes in this zip code are owner-occupied with 68% of homes being occupied by their owners and 31% being occupied by renters. There are also a significant number of vacation homes located in this zip code with 10% of homes having at least one vacation home attached to it. The percentage of single-family detached homes in this zipcode is lower than the state average (53%) but higher than the national average (41%). This indicates that there may be a higher demand for single-family detached homes within Hayward compared to other areas within Wisconsin or across the United States.

The median household income in Hayward is $87,500 which is lower than both the state median household income ($92,000) and national median household income ($55,000). However, when looking at adjusted gross incomes (AGI), which takes into account factors such as marital status and number of children living at home, Hayward households have a significantly higher AGI ($128,700) than both Wisconsin households ($79,600) and U.S. households overall ($59,800). This indicates that Hayward residents may be able to afford more expensive housing options compared to other areas within Wisconsin or across the United States due to their higher incomes. Additionally, there are a significant number of jobs located within Hayward which may contribute to its high incomes as well as its high home values. There are currently 128 businesses located within Hayward which employs 1,907 people and generates an annual revenue of $25 million dollars.

Overall then while there may be some challenges facing homeownership rates and prices in Hayward due to its relatively low incomes compared to other areas within Wisconsin or across the United States; there appears to be strong demand for housing options here among both homeowners and renters alike which could lead to further increases in home values over time