66223, Overland Park, KS

The 66223 zip code of Overland Park, KS has a median home value of $269,000 and a median home equity value of $130,000. This is higher than the Kansas state median home value of $156,800 and the national median home value of $177,200. The 66223 zip code also has a lower than average homeownership rate at 63.5%. This is lower than the Kansas state homeownership rate of 67.1% and the national homeownership rate of 69.2%.

There are several factors that may contribute to the high home values in the 66223 zip code of Overland Park, KS. First, Overland Park is located in one of the most affluent areas in Kansas with a population that is well-educated and wealthy. Second, Overland Park has experienced strong job growth over the past few years which has led to an increase in demand for housing stock. Third, Overland Park was recently designated as a “Smart Growth” city by HUD which may have contributed to increased interest in purchasing homes in this area. Fourth, Overland Park has maintained its low foreclosure rate over the past few years which may also be contributing to high home values. Fifth, Overland Park has limited available land for development which may have kept prices elevated relative to other areas within Kansas City metropolitan area. Finally, Overland Park maintains relatively low crime rates which could also be contributing to high home values in this area