66041, Lancaster, KS

Home Equity and Home Prices in the 66041 Zip Code of Lancaster, KS

The 66041 zip code of Lancaster, KS has a median home value of $135,000. This is lower than the Kansas median home value of $157,500. The 66041 zip code also has a lower home equity percentage than the Kansas median home equity percentage of 68%. This indicates that there are more homes with negative equity in this zip code than homes with positive equity.

The average monthly mortgage payment for homes in the 66041 zip code is $1,078. This is higher than the Kansas median monthly mortgage payment of $917. The average yearly property taxes for homes in this zip code are also higher than the Kansas median yearly property taxes of $1,068.

There are a number of factors that could contribute to these differences in home values and mortgage payments between this zip code and other areas within Kansas. These include:

-The lower median home value in this zip code could indicate that there are more distressed or foreclosed properties within this area compared to other parts of Kansas

-Higher property taxes could be due to higher levels of homeownership or greater levels of investment by local governments within this area relative to other parts of Kansas

-Higher monthly mortgage payments could be due to higher interest rates on mortgages within this area relative to other parts of Kansas