54946, King, WI

The zip code of 54946 in King, WI has a median home value of $135,000. This is higher than the Wisconsin state median home value of $119,500. The 54946 zip code also has a lower than average percentage of homes with mortgages at 47%. This is higher than the Wisconsin state percentage of 46%.

There are several factors that may contribute to the high home values in the 54946 zip code. One reason may be that King is a desirable location. The city has many amenities and businesses that are popular among residents and tourists. Additionally, King is growing rapidly and new homes are being built at a faster rate than in other parts of Wisconsin. As a result, there is more demand for housing and property prices have increased accordingly.

Another factor that may contribute to the high home values in the 54946 zip code is low interest rates. Since most mortgages in this area are fixed rate loans, borrowers can afford to pay more for a home because they do not have to worry about increasing their monthly payments over time. Low interest rates also make it easier for people to buy homes outright rather than taking out adjustable rate loans which often have higher interest rates later on down the line.

Despite these factors, there are some areas where property prices in the 54946 zip code are lower than average. For example, properties near schools or military bases may be less expensive due to competition from buyers who want to live near these amenities. Additionally, properties located in rural areas may be cheaper since there is not as much demand for housing close to major cities