67110, Mulvane, KS

Mulvane, KS is located in Johnson County and has a population of around 21,000. The median household income in the 67110 zip code is $60,000. The average home value in the 67110 zip code is $187,500. Home equity in Mulvane, KS has increased significantly over the past few years. In 2013, the home equity in Mulvane was $128,500. In 2017 it had increased to $236,500. This increase can be attributed to several factors including an increase in home values and low interest rates.

One of the main reasons for an increase in home equity is an increase in home values. Over the past few years there has been a significant increase in home values throughout Johnson County. This has led to an increase in home equity for residents of Mulvane as well. Another reason for an increase in home equity is low interest rates. Interest rates have been relatively low over the past few years which has helped to boost the value of homes and decrease borrowing costs associated with mortgages and other forms of debt financing.

Despite these positive trends, there are some risks associated with increasing levels of home equity within a community such as potential market saturation or a decline in property values if interest rates rise again or if another economic recession occurs. It will be important for residents of Mulvane to monitor these risks closely and make sure that they are prepared should they occur