67052, Goddard, KS

There is no one answer to the question of how much home equity and home prices vary in the 67052 zip code of Goddard, KS. Factors that can affect these values include the age, size, and condition of the homes in the area; local economic conditions; and interest rates.

According to data from Zillow, home values in the 67052 zip code have increased an average of 8.5% over the past year. This rate of growth is slightly slower than the national average, but it is still relatively high when compared to other areas of Kansas. In fact, only about one-third of all zip codes in Kansas have seen faster growth over this period.

One reason why home values are rising in Goddard may be due to its strong economy. The unemployment rate here is currently at 3%, which is lower than both the national average (4%) and most other areas of Kansas (5%). Additionally, wages are growing relatively quickly here too – inflation has been below 2% for most of 2018 so far, which is a rarity nationwide. This combination may be contributing to higher prices overall across all sectors of housing markets nationwide.

However, there are also some potential risks associated with buying a home in Goddard right now. For example, interest rates are historically low – meaning that borrowers who want to borrow money to buy a house will likely have to pay higher interest rates than they would if those same funds were available at a more normal rate. Additionally, there could be a sudden increase in interest rates if economic conditions change for the worse – making it harder for people who already own homes to afford their payments or sell them at a profit down the road.