67483, Tampa, KS

The 67483 zip code of Tampa, KS is located in the southeast corner of the state and has a population of about 25,000. The median household income is $60,000 and the median home value is $150,000. Home equity in this zip code is relatively high compared to other areas of Kansas. In 2017, the average home equity in this zip code was $141,500. This means that homeowners in this area have more than twice as much equity in their homes as homeowners in the average Kansas zip code.

One reason for this high level of home equity may be that Tampa has a strong economy. The unemployment rate in Tampa was 3.5% as of May 2018, which is lower than the statewide unemployment rate of 4%. Additionally, Tampa has a low poverty rate (4%) and a high education attainment rate (79%). These factors may contribute to higher levels of home equity among homeowners here.

Another factor that may contribute to high levels of home equity in Tampa are the low interest rates available on loans for homes here. As of May 2018, interest rates on mortgages were below 4% for most types of loans. This means that homeowners can afford to borrow more money to buy a home than they would be able to if interest rates were higher. Low interest rates may also encourage people to buy homes rather than rent them or invest their money elsewhere.

Despite these factors, there are some risks associated with having high levels of home equity in Tampa. If the economy declines or interest rates rise significantly, homeowners could find themselves struggling to pay off their mortgages or lose all their savings if they invest their money in homes instead of other options like stocks or bonds