Around the Nation -- Residential Real Estate Update - Wisconsin
By Jeff Adolph
State-by-state
Situated in near the Center of the U.S.A, this state is ranked as the 20th largest by land mass and the 23rd largest by population with 5,363,675 people residing in this region.
This states economy relies heavily on manufacturing, agriculture, health care, cheese production and the farming of oats, potatoes, carrots, cherries, maple syrup and corn. The largest businesses in this region are Kraft Foods, Wal-mart, Walgreens, Menards, and Target Stores.
There income tax in this state is between 4.6-6.75% and state is set at 5%. property is taxed at full market value by local assessors and calculated on municipality or county equalized value.
Madison
Homes are typically sitting on the market for 90-120 days in this region with the median home price hovering around $250,000. The market trend in this area is said to decreasing with sales prices down by 0-5% compared to last years figures.
There are currently more buyers than sellers in this area with sellers getting 90-95% of their asking price. The hottest valued market in this region is West Side, Westmoreland, Schenk's Corner and Orton Park, based on population growth.
This region also sports a solid residential and investment area, due to strong job growth and economic strength.
LGBT Real Estate Facts: There are approximately 8,232 same-sex couples residing in Wisconsin making this region the 24th gayest state in America. The gayest zip codes in this locality are 53704 East Madison/ East Johnson Street, Madison; 53711 Brokwood, Madison; 53207 St Francis/ Bayview, Milwaukee; 53711 Brookwood, Madison; 53703 Downtown Madison. -- gaydemographics.com
Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com
Picture Source: wikipedia.org
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