The story of this market
The typical home in ZIP 67487 sells for about $242,000, or $115 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $819 a month.
ZIP 67487 — Wakefield
The 67487 market is characterized by low liquidity and limited inventory, with price growth lagging behind broader regional trends. The market is currently experiencing a period of stagnation, driven by a lack of new development and a reliance on a small, stable population base.
This ZIP is best suited for rural-lifestyle seekers and retirees who prioritize proximity to Milford Lake and a quiet, low-density environment over urban amenities.
Median prices moved down 1.2% year over year.
Homes spend a median of 88 days on market with 6.5 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 2.2% · poverty 21.9% — 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 6.7%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 67487, Clay County KS
The area is served by local rural district schools; performance metrics are generally consistent with small-town Kansas averages.
The region is subject to standard Midwestern severe weather risks, including tornadoes and high winds, which influence local insurance premiums.
Economic momentum is limited, with the area functioning primarily as a rural residential base rather than a hub for major corporate 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.
Commuting is primarily car-dependent, with residents typically driving to nearby employment centers in Clay Center or Manhattan.
The area is anchored by proximity to Milford Lake, offering significant opportunities for boating, fishing, and outdoor recreation.
The rental market is characterized by low turnover and limited inventory, with rents largely driven by HUD fair-market estimates rather than high-velocity market competition.
The local economy is heavily reliant on agriculture and regional services, with limited industrial or corporate presence.
Transportation is entirely reliant on private vehicle use via state and county highway networks.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Clay County Appraiser's Office conducts annual assessments based on market value and state-mandated classification ratios.
Parcels are subject to local school district levies and county-wide emergency service and hospital district taxes.
Property insurance premiums are influenced by the area's exposure to severe convective storms and wind events common in North Central Kansas.
Kansas is a judicial foreclosure state, requiring court action to complete the foreclosure process.
Kansas law requires sellers to provide a written disclosure statement regarding the condition of the property to the buyer.
Data retrieved from US Census Bureau 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.
- SpareTime Interactive Entertainment4.314.3 mi
- Acorns Resort4.69.3 mi
- Warrior Zone4.514.6 mi
- B&B Theatres Junction City Gem4.515.4 mi
- Milford State Park4.710.5 mi
- Acorns Resort4.69.3 mi
- Rolling Meadows Golf Course4.411.7 mi
- Milford Nature Center4.811.3 mi
- Milford Nature Center and Fish Hatchery4.611.3 mi
- Dwight D. Eisenhower Presidential Library & Museum4.819.3 mi
- Eisenhower Presidential Museum4.919.2 mi
- US Cavalry Museum4.617.2 mi
- Seelye Mansion4.818.4 mi
- Old Abilene Town4.519.4 mi
- Milford State Park4.710.5 mi
- Rolling Meadows Golf Course4.411.7 mi
- Milford Nature Center4.811.3 mi
- Milford Nature Center and Fish Hatchery4.611.3 mi
- Milford Lake State Park Marina LLC4.510 mi
- Thunderbird Marina and RV Resort4.310.7 mi
- Rolling Meadows Golf Course4.411.7 mi
- Manhattan Regional Airport4.421.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The largest man-made lake in Kansas, providing extensive fishing, boating, and camping facilities.
Local community park serving the immediate residential area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.