67736, Gove, KS

Home Equity and Home Prices in Gove, KS

Gove is a small town located in the Wichita metropolitan area. According to the 2010 census, the population of Gove was 1,811. The median household income was $54,313, which is higher than the median household income for Wichita as a whole ($46,077). The average home value in Gove was $128,000 as of May 2013.

The 67736 zip code covers a small area of northwestern Wichita and includes most of Gove. As of May 2013 there were 853 single-family homes and 302 multi-unit dwellings in this zip code. The majority (531) of homes in this zip code are owner-occupied while 219 are rented. There is a significant percentage (47%) of homes that are occupied by people who own their home outright or with a mortgage that is less than 80% of the value of the home. This compares favorably to Wichita as a whole where only 27% of homes are owned outright or with a mortgage that is less than 80% of the value of the home.

There has been an increase in home values over time in Gove. Between 2000 and 2010, home values increased by an averageof 9%. This compares favorably to Wichita as a whole wherehome values increased by an averageof 5%.

In terms of location within Wichita, Gove falls within zone 2 which has seen slower growth rates when compared to zones 1 and 3. Zones 1 and 3 have seen large increases in population due to development near downtown areas while zone 2 has seen more moderate growth rates due to its proximity to suburban areas outside downtown Wichita