67637, Ellis, KS

The 67637 zip code of Ellis, KS is located in the southeast corner of the state and has a population of just over 10,000 people. The median household income in this zip code is just over $60,000 and there are a total of 1,851 homes currently for sale in this area. The average home price in this zip code is just over $170,000 which makes it one of the more expensive areas to live in Kansas.

Home equity is an important part of many people's lives and it can be especially valuable when you need to borrow money to buy a house or when you want to use your home as collateral for a loan. Home prices have been increasing steadily throughout most of the United States over the past few years and they continue to do so even though there are some areas that are experiencing slower growth. In fact, according to Zillow®, the average home price nationwide increased by 5% from 2016 to 2017 which was faster than any other year on record.

There are several reasons why home prices have been increasing so rapidly in Ellis, KS. First, there is a limited supply of homes available for sale which has led to higher prices overall. Second, many people who live in this area are wealthy enough that they are comfortable spending more money on a home than necessary. Third, interest rates have remained low which has helped fuel the housing market boom across the country. Finally, Ellis is located within close proximity to major metropolitan areas such as Wichita and Kansas City which means that there is strong demand for homes here.