Tescott, KS

Tescott is a small town in the southeast corner of Kansas. It has a population of just over 1,000 people and is located about 20 miles south of Wichita. Tescott was founded in 1887 and was originally known as North Newton. The town was renamed Tescott in 1889 after the Tescott Ranch, which was one of the largest ranches in the area.

Today, Tescott is primarily a farming community with some light industrial development. The main economic activity is agriculture, with crops such as wheat, corn, and soybeans being grown on local farms. There are also several small businesses that provide services to the agricultural sector. Tourism is also an important part of the economy, with visitors coming to see the historic buildings and attractions in Tescott.

Real estate in Tescott is dominated by farmland and rural homes. The median price for residential property in the town was $128,500 in 2016 according to data from Zillow. This reflects a modest increase from 2015 when the median price was $125,000. In contrast, commercial real estate has seen much more robust growth over recent years; the median price for commercial property in Tescott was $2 million back in 2016 but this had increased to $5 million by 2018 according to data from CoStar Group Inc.. This suggests that there is strong demand for commercial space within the town limits.

Overall, real estate prices have been relatively stable over recent years; however there does appear to be some potential for further growth within the market given its limited supply of properties available for purchase and its strong demand from investors and businesses looking for space to operate their operations locally.