67846, Garden City, KS

The Garden City, KS 67846 zip code has a population of around 15,000 people and is located in Johnson County. The median home value in the zip code is $135,000 and the median home equity is $102,500. The average household income in the zip code is $60,000.

There are a number of factors that affect home prices and home equity in a given area. Some of these factors include: the level of demand for homes in a given area; the availability of homes for sale; interest rates; and local economic conditions.

In general, areas with high levels of demand tend to have higher home values and home equity values. This is because there are more people interested in buying or renting homes in these areas, which drives up prices. Conversely, areas with low levels of demand generally have lower home values and home equity values because there are fewer homes available for purchase or rent.

Another factor that affects home prices and home equity is interest rates. Interest rates determine how much money homeowners can borrow to buy or refinance their homes. When interest rates are high (i.e., when they're above average), it becomes more expensive for homeowners to borrow money to buy or refinance their homes, which leads to lowerhome values andhomeequityvaluesinareaswhereinterestratesarehigh。 Conversely, when interest rates are low (i.e., when they're below average), it becomes cheaper for homeowners to borrow money to buy or refinance their homes, which leads to higherhomevaluesandhomeequityvaluesinareaswhereinterestratesarelow。

Local economic conditions also play a role in determining how expensive it is for homeowners to buy or refinance their homes. For example, if there's an increase in jobs in an area but not enough new housing being built (which would lead to higherdemandforhomesinthearea), then prices may rise due to increased competition among buyers for limited housing stock (). Conversely,,ifthere'sanincreaseinthenumberofjobsinthespacebutmorehousingbeingbuilt(whichwouldleadtothemigrationofpeopleintoanarea),thenpricesmayfallduetolimitedsupplyofthemoneyeduphousesavailableforthemigration。