66732, Elsmore, KS

Elsmore, KS is located in Johnson County and has a population of approximately 2,000. The median household income in the 66732 zip code is $60,000 and the median home value is $130,000. The average home equity loan-to-value (LTV) for homes in the Elsmore area is 97%.

The Elsmore area has seen strong growth over the past few years. According to Zillow, the median home value increased by 7% from 2016 to 2017. This growth has been driven by strong demand for housing in the area and limited supply. In addition, interest rates have remained low which has helped to increase home values.

There are a number of factors that contribute to home equity growth in an area such as Elsmore. Strong economic conditions can lead to increased demand for housing and higher prices. Low interest rates also help to drive up values since homeowners can borrow more money against their homes than they would if interest rates were higher. Finally, limited supply can lead to increased prices since there are fewer homes available for sale than there are people who want them.

Despite these positive trends, there are some risks associated with buying a home in Elsmore. One risk is that interest rates could rise which would reduce the value of your home equity loan-to-value (LTV). Another risk is that the market could crash causing prices to decline below what you paid for your home. However, overall it appears that homeownership in Elsmore is becoming increasingly popular and this trend should continue over time as long as economic conditions remain favorable."