66047, Lawrence, KS

The 66047 zip code of Lawrence, KS has a median home value of $130,000 and a median home equity value of $109,000. These values are lower than the national median home value of $217,500 and median home equity value of $142,000. The 66047 zip code also has a lower homeownership rate than the national homeownership rate of 63%.

There are several factors that may contribute to the lower home values in the 66047 zip code. First, Lawrence is an economically depressed area with high unemployment rates. This may lead to fewer buyers interested in purchasing or owning homes in this area. Additionally, many residents may be using their homes as primary residences rather than investing in them for future growth or income potential. Finally, Lawrence is located in a metropolitan area with high housing costs that may make it difficult for residents to afford a home at or near market prices.