66204, Overland Park, KS

The 66204 zip code of Overland Park, KS has a median home value of $269,000 and a median home equity of $119,000. The city has a population of over 158,000 people and is located in Johnson County. Over the past five years, the average annual growth rate for home values in this zip code has been 5.5%. This indicates that there is strong demand for homes in this area and that homeowners are doing well financially.

One reason why homeowners are doing well financially is because Overland Park's economy is strong. The city has a high level of education attainment and employment opportunities, which leads to high incomes and stable housing prices. Additionally, Overland Park's low crime rates make it an attractive place to live. In addition, the city's excellent public schools contribute to families' ability to afford homes here.

Despite these positive factors, there are some risks associated with owning a home in Overland Park. One risk is that interest rates could rise over time and make it more difficult for homeowners to pay their mortgages or rent payments. Another risk is that the city could experience another economic downturn which would lead to decreased demand for homes and lower prices. However, overall homeownership in Overland Park appears to be a good investment proposition given the city's strong economy and stable housing prices