67740, Hoxie, KS

There are a few things to consider when looking at home equity and home prices in the 67740 zip code of Hoxie, KS. First, it is important to understand that the value of a home is based on many factors, including location, size, condition, and amenities. Additionally, the market conditions in which a particular zip code operates can also affect its value.

According to The Zillow Home Value Index (ZHVI), the median home value in the 67740 zip code of Hoxie was $119,900 as of September 30th, 2018. This represents an increase of 2% from $117,000 during the same period last year. In comparison, ZHVI shows that the median home value across all of Kansas was $123,200 during this time period. This indicates that there is some variability in home values within the 67740 zip code relative to other areas within Kansas.

Another consideration when looking at home equity and home prices is mortgage debt. As of September 30th 2018, homeowners in the 67740 zip code had an average mortgage debt of $130,100 according to The Mortgage Bankers Association (MBA). This indicates that most homeowners in this area have taken on some level of mortgage debt to purchase their homes. While this may be indicative of higher levels of affordability relative to other areas within Kansas or across the United States as a whole, it does not necessarily mean that homes in this area are worth more than those elsewhere.