66956, Mankato, KS

Home Equity in the 66956 Zip Code of Mankato, KS

According to Zillow, as of September 2017, the median home value in the 66956 zip code was $174,900. This is a decrease from the previous year when the median home value was $179,200. The decrease in home values may be due to a number of factors including low interest rates and increased competition for homes.

Despite this decrease in home values, homeownership rates are still high in the 66956 zip code with over 80% of households owning their homes. This high homeownership rate is likely due to low interest rates and strong demand for housing. Additionally, many people are choosing to buy homes rather than rent because they believe that owning a home provides long-term financial stability.

Home prices have also been increasing over time in the 66956 zip code. Between 2000 and 2016, the average annual increase was 5%. This increase may be partially due to an influx of new residents into the area or an increase in demand for housing.

Overall, homeownership rates and home values are high in the 66956 zip code which suggests that there is strong demand for housing here. Home prices have also been increasing which indicates that there is strong demand for property within this area as well.