66502, Manhattan, KS

The 66502 zip code of Manhattan, KS has a median home value of $153,000 and a median home equity value of $128,000. These values are higher than the Kansas state median home value of $107,500 and the national median home value of $177,200. The 66502 zip code is also more expensive than the average Manhattan zip code which has a median home value of $118,700.

There are several factors that may contribute to the high home values in the 66502 zip code of Manhattan. First, Manhattan is an affluent area with a high concentration of wealthy residents. Second, the area has low unemployment rates and strong job market prospects. Third, there is a high demand for housing in Manhattan due to its high population density and excellent schools. Fourth, property taxes in Manhattan are among the highest in Kansas City metropolitan area. Fifth, homeownership rates in this area are above average compared to other parts of Kansas City metropolitan area. Sixth, there is limited available land for development in this part of town which may contribute to higher prices for homes here.

Despite these factors contributing to higher home values in the 66502 zip code of Manhattan, it is important to keep in mind that prices can fluctuate over time based on many factors including interest rates, market conditions, and local events/developments. It is always advisable to consult with a real estate agent or mortgage lender before making any major purchases or decisions related to your home equity or home prices