The story of this market
The typical home in ZIP 66427 sells for about $184,000, or $105 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $748 a month.
ZIP 66427 — Frankfort
The housing market in 66427 is characterized by low transaction volume and high vacancy rates, reflecting its rural nature. Prices remain accessible compared to national averages, though the market lacks significant growth drivers. Most metrics are derived from local market reports and census data; specific inventory and sales figures are limited due to the small size of the geography.
This ZIP is best suited for local residents or those seeking a quiet, low-cost rural lifestyle, as it lacks the amenities and employment density of larger urban centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 4.8 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.9% · poverty 11.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 66427, Marshall County KS
Schools in the area are primarily served by the local rural district, with performance metrics generally aligning with regional rural Kansas averages.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near regional creeks.
Economic momentum is largely tied to regional agricultural production and small-scale local commerce, with limited large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kansas) — Kansas Residential Property Tax: Annual tax bill calculated as: (Appraised Fair Market Value * 11.5% Assessment Rate) * (Mill Levy / 1,000). The mill levy is the combined tax rate set by local taxing jurisdictions.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs for employment.
Recreation is centered on rural outdoor activities, local parks, and community-based sports facilities within the town of Frankfort.
The rental market is characterized by limited inventory and high vacancy rates, with most units serving local workforce needs.
The local economy is driven by agriculture and small-town service industries.
No major commercial or residential developments are currently reported for this ZIP.
Parcels are subject to Marshall County and local school district levies.
Property insurance premiums are influenced by regional exposure to severe weather events.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.