67487, Wakefield, KS

The 67487 zip code of Wakefield, KS is located in Johnson County and has a population of about 21,000. The median household income in the zip code is $92,000 and the median home value is $183,500. The percentage of households that own their homes outright is about 78%, while the percentage that owns their homes with a mortgage is about 22%.

There are a number of factors that affect home prices in Wakefield. The most important factor is demand from buyers and sellers. When there are more buyers than sellers, prices go up because there are more people competing for available homes. Conversely, when there are fewer buyers than sellers, prices go down because there are not as many people competing for available homes.

Another important factor affecting home prices in Wakefield is interest rates. When interest rates rise, it makes it more expensive for people to borrow money to buy a house. This increases the demand for houses from people who already have mortgages and decreases the demand for houses from people who want to buy their first house or who do not have a mortgage yet. As a result, home prices will go up or down depending on how much interest rates change relative to each other.