67420, Beloit, KS

Beloit, KS is located in Johnson County and has a population of around 36,000. The median household income in the 67420 zip code is $56,000 and the median home value is $158,000. Home equity in Beloit is relatively high compared to other areas of the country. In fact, according to Zillow’s 2018 Home Value report, the home equity index for Beloit is at 2.5x the national average. This means that homeowners in Beloit have more than two and a half times as much equity in their homes as homeowners nationwide.

One reason for this high level of home equity may be Beloit’s low rate of foreclosure activity. In 2017, there were only six foreclosure filings in the 67420 zip code – well below the national average of 1,527 filings per 100,000 households. Additionally, Beloit has seen strong growth over recent years – both in terms of population and home values – which may also contribute to its high level of home equity. Over the past five years (2013-2017), Beloit's population has grown by 10%, while home values have increased by 16%.

While there are many factors that contribute to a community’s level of home equity (including interest rates and local market conditions), it is clear that homeownership and strong levels of home equity are important factors in communities like Beloit.