67203, Wichita, KS

The 67203 zip code of Wichita, KS has a median home value of $129,900 and a median home equity of $86,600. This is significantly lower than the national median home value of $177,500 and median home equity of $118,700. The main factors contributing to this disparity are the low population density in the zip code and the fact that many homes in Wichita are owner-occupied rather than rented.

Despite these disparities, there have been modest increases in both home values and home equity over the past five years. In 2012, the median home value was $123,000 and the median home equity was $81,000. Five years later (in 2018), the median home value had increased to $129,900 and the median home equity had increased to $86,600. This modest increase may be attributable to several factors: an increasing number of homes being sold in Wichita; an improving economy which leads to more people being able to afford a house; and low interest rates which make it cheaper for people to borrow money for a down payment on a house.