66724, Cherokee, KS

The home equity and home prices in the 66724 zip code of Cherokee, KS are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. The average home value in this zip code has also increased significantly over the past few years. In 2013, the average home value was $236,000. In 2014, the average home value increased to $248,000 and in 2015 it reached an all-time high of $269,000. This increase can likely be attributed to a number of factors including an improving economy and low interest rates.

Despite these high values however, there are some areas of concern with regards to the housing market in this zip code. One issue is that there is a large amount of speculation going on in the market right now which could lead to some price crashes down the line. Another issue is that there are a lot of homes being bought by investors who are not actually living in them or using them as their primary residence. This could lead to problems down the line if these homes become vacant or if they need repairs that they cannot afford due to not being used regularly.