66617, Topeka, KS

The home equity and home prices in the 66617 zip code of Topeka, KS are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. The average home equity in this zip code is also very high at $141,000. This means that most homeowners in this zip code have a lot of equity in their homes.

One reason why the home values and home equity in this zip code are so high is because there are a lot of affluent residents living here. The percentage of households earning over $100,000 per year is well above the national average of 23%. Additionally, the percentage of households with a college degree or higher is also above the national average. These factors combined mean that there are a lot of wealthy people living in this zip code who can afford to buy expensive homes.

Another factor that contributes to the high home values and home equity in this zip code is the low unemployment rate. The unemployment rate here was 2% as of May 2016, which is much lower than the nationwide unemployment rate of 4%. This low unemployment rate means that there are plenty of jobs available for people who want them and therefore more people can afford to buy homes.

Overall, it appears that there are several reasons why the home values and home equity in this zipcode are so high. First, there are a lot of affluent residents living here who can afford to buy expensive homes. Second, the unemployment rate is low which means that more people can afford to buy homes even if they don't have any money saved up already. Finally, Topeka has low housing costs relative to other cities which makes it easier for people to purchase homes even if they don't have much money saved up already