67335, Cherryvale, KS

The 67335 zip code of Cherryvale, KS has a median home value of $101,200. This is higher than the Kansas state median home value of $76,600 and the national median home value of $177,500. The Cherryvale area has seen an increase in home values over the past few years as more people are buying and investing in homes.

There are a number of factors that contribute to the high home values in the 67335 zip code of Cherryvale. One reason is that there is a strong demand for homes in this area due to its close proximity to major cities such as Wichita and Kansas City. Additionally, Cherryvale is located in a desirable part of Kansas with plenty of amenities and opportunities nearby.

Another factor that contributes to the high home values in the 67335 zip code of Cherryvale are the low interest rates currently available on mortgages. This makes it easier for people to buy homes outright or borrow against their existing homes to finance their purchase. Low interest rates also make it more affordable for people to invest in property stocks or other forms of investments that can increase in value over time.

Despite these positive factors, there are some risks associated with buying or investing in homes in the 67335 zip code of Cherryvale. One risk is that prices could fall if there are any significant economic downturns or if there are any changes made to laws or regulations affecting housing markets nationwide. Another risk is that someone who does not have adequate insurance coverage could lose their home if it is damaged by a natural disaster such as a tornado or hurricane.