54845, Hertel, WI

The zip code of 54845 in Hertel, WI has a median home value of $146,000. This is significantly lower than the Wisconsin state median home value of $224,500. The zip code also has a low percentage of homeowners (just over 50%) and a high percentage of renters (over 60%).

One possible explanation for these disparities is that the zip code is located in an area with a high concentration of poverty. According to the U.S. Census Bureau, the median income for residents in this zip code is just over $40,000. This means that many people who live in this area are unable to afford to buy or rent their own homes.

Another factor that could contribute to the low home values in this zip code is the fact that there are relatively few homes for sale here. In fact, as of March 2017 there were only 36 active listings in the zip code compared to 992 active listings statewide. This may be because many people who live in this area are not able to sell their homes due to financial constraints or because they are waiting for better prices before they sell.

Overall, it appears that there are several factors contributing to the low home values and high percentage of renters in 54845 ZIP Code Hertel, WI. It will be interesting to see if these trends continue over time or if something changes that makes more homes available for sale here at a more affordable price point.