67550, Larned, KS

The home equity and home prices in the 67550 zip code of Larned, KS are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.4%, which is below the national average of 3.8%. However, over the past five years, home values have increased by an average of 5.5%. This indicates that there is strong demand for homes in this area and that buyers are willing to pay a higher price for a property than what it was worth a few years ago.

One reason why home values have been increasing over time is because there is a limited supply of homes available for sale in this area. In addition, many people who live in Larned are satisfied with their current homes and do not want to move. This means that there is competition among buyers to purchase properties in this zip code, which drives up prices.

Another factor that has contributed to rising home values is inflationary pressures. Over time, prices for goods and services have increased, which has made it more expensive to buy a house or invest in other types of assets such as stocks or bonds. As a result, people are willing to pay more money for property than they were five or ten years ago because their investment is now worth more than it was when they first bought it.