66062, Olathe, KS

The 66062 zip code of Olathe, KS has a median home value of $183,200 and a median home equity value of $128,000. These values are significantly higher than the Kansas state median home value of $71,900 and the national median home value of $177,200. The 66062 zip code is also significantly more affluent than the rest of Kansas with a poverty rate of 2.4% compared to the Kansas state poverty rate of 10.5%.

The high home values in the 66062 zip code may be attributable to several factors including its proximity to major metropolitan areas such as Kansas City and Wichita, its high level of education attainment (the zip code has a higher percentage of college graduates than the state or nation), and its relatively low unemployment rate (3.8% compared to 4.9% nationally). Additionally, Olathe is one of only a few cities in Kansas that have maintained strong job growth over the past decade; as a result, there is an increasing demand for housing within this area.

Despite these positive factors, there are some potential risks associated with high home values in the 66062 zip code. For example, if interest rates rise above historic averages or if there is another economic recession that causes unemployment rates to increase again, then homeowners could experience significant losses in their homes' equity values. Additionally, although crime rates in Olathe are lower than average for cities its size (according to FBI data), they are still higher than average for communities nationwide; this could lead some potential buyers to shy away from purchasing homes within this area due to fear that they may be victimised or robbed by criminals.