66547, Wamego, KS

The 66547 zip code of Wamego, KS is located in the southeast corner of Kansas and has a population of just over 10,000. The median household income in the zip code is just over $50,000 and the median home value is just over $160,000.

Home equity in the 66547 zip code has been on a steady rise for the past few years. In 2012, the median home value was just under $150,000 and by 2016 that number had increased to nearly $160,000. This increase can be largely attributed to strong economic conditions in Kansas which have led to an influx of new residents into the area. Additionally, there has been a general trend across all U.S. markets towards higher home values as investors seek out stable investments.

Despite these positive trends, there are some potential risks associated with high home values in Wamego. If interest rates were to rise significantly (which they have historically done), then homeowners who owe more on their mortgages than their homes are worth could find themselves struggling to make payments. Additionally, if there were any major unforeseen events that impacted the local economy (e.g., a natural disaster), then prices could fall significantly and lead to a loss of equity for homeowners in the 66547 zip code.