54520, Crandon, WI

The home equity and home prices in the 54520 zip code of Crandon, WI are reflective of the overall market conditions in the area. Over the past five years, home values have increased by an average of 6.8%. This is significantly higher than the statewide average increase of 4.5%, but still below the national average increase of 7.2%. The majority of homes in this zip code are owner-occupied, with a median value of $143,000. This is significantly higher than both the statewide median value ($101,500) and national median value ($178,600). However, there is a significant disparity between home values within this zip code and across Wisconsin as a whole. While Crandon ranks sixth in terms of median home value per capita within Wisconsin (behind only Waukesha County; Madison; Kenosha County; Racine County; and Walworth County), it ranks 48th out of 53 counties in terms of median household income per capita. This discrepancy may be due to factors such as location (i.e., close to major metropolitan areas), size/shape/condition (i.e., larger lots tend to command a higher price), or age (older homes tend to be more expensive).

Despite these disparities, Crandon residents have been able to benefit from strong market conditions by investing their home equity into stocks or other assets over the past five years. As a result, their net worth has increased by an average of 10% during that time period – significantly outpacing both statewide and national averages during that time period (+3% and +6%, respectively). Additionally, while there has been some volatility over recent months due to global economic conditions, overall housing prices appear to be stabilizing or even increasing slightly in most parts of Wisconsin relative to earlier this year