67104, Medicine Lodge, KS

Home Equity in the 67104 Zip Code of Medicine Lodge, KS

The average home equity in the 67104 zip code of Medicine Lodge, KS is $269,000. This is a decrease from the average home equity of $291,000 in 2017. The reason for this decrease is likely due to the current market conditions.

Medically lodge has a population of just over 10,000 people and there are not many large or expensive homes for sale within the city limits. Additionally, many people are choosing to buy homes instead of rent because they believe that prices will only continue to rise in the future.

The median home price in Medicine Lodge was $159,900 as of September 2018 which is an increase from the median home price of $146,500 in 2017. This increase may be attributed to a number of factors including an increase in inventory and low interest rates.

It should be noted that while there has been an increase in home prices within the city limits of Medicine Lodge, it is important to keep in mind that these prices do not reflect what homeownership would cost you if you were looking outside of Kansas City metropolitan area boundaries. In fact, according to Zillow’s Home Value Index (HVI), which measures changes over time across different markets nationwide using data from multiple sources including public records and MLS listings), homes within Kansas City metropolitan area boundaries have seen values rise at a much slower rate than those located outside its borders (median HVI growth rate: 3% vs 12%).