54566, Wabeno, WI

The home equity and home prices in the 54566 zip code of Wabeno, WI are very high. The median home value in this zip code is $269,000, which is more than triple the median home value in Wisconsin as a whole. Additionally, the percentage of homes in this zip code that are owned outright is much higher than the statewide average of 43%. This suggests that there are a lot of wealthy people living in this area.

Another indication of how wealthy people are living in this area is the fact that the average mortgage debt per household here is $142,000. This is far above the state average of $75,000 and even higher than the national average of $100,000. It seems like a lot of people here are borrowing a lot to buy their homes.

One possible explanation for why so many people are borrowing to buy homes in Wabeno is that there are a lot of available homes for sale here. The number of homes for sale has increased by almost 20% over the past year, which means that there's plenty of competition for buyers. In addition, it's likely that many potential buyers who would have been able to afford a home before now can't because house prices have gone up so much.