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Two Racine County villages are in the Top 20 of a list of Wisconsin communities for homeownership.
Compiled by nerdwallet.com, the list includes 85 municipalities with a population over 10,000 and was put together with data to determine the best places in the state to own a home. Mount Pleasant and Caledonia came in at 15th and 17th, respectively.
In addition to having a healthy inventory of homes valued at $250,00 or less and general affordability, communities also had to show growth.
Number crunchers at nerdwallet found these common facts among the top communities:
- Home values were under $250,000 in all but four places on our top 20 list.
- In 14 of the top 20 places, homeowners spent less than 30% of their median household income on their homes, which meets the standard of affordability set by the U.S. Department of Housing and Urban Development.
- 12 of the top 20 places are located in the southern region of the state, closest to Milwaukee and Madison.
Logan Martin, community development coordinator for the Village of Mount Pleasant, credits developers who saw promise in the area and elected officials and staffers over the years who helped plot out appropriate areas for residential and commercial growth.
“The fact that we are growing and positioned where are today is to the credit of multiple boards and prior staff paired with a strong resident and business base,” he said.