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Compass Real Estate · ZIP 66203
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66203 ZIP Code Housing Market
$342,500median sale price
What is the 66203 housing market like right now?
The median home sale price in ZIP code 66203 is $342,500, up 5.4% year-over-year. Homes sell in an average of 8 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 66203 ZIP code a buyer's or seller's market?
ZIP code 66203 is currently a balanced market and homes selling in about 8 days. How we determine this →
What are the latest 66203 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $342,500 |
| Median list price | $330,000 |
| Year-over-year price change | +5.4% |
| Average days on market | 8 days |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 66203 zip code, located in Merriam, KS, is currently classified as a balanced market. The median sale price stands at $342,500, representing a +5.4% change year over year. Homes in this area spend an average of 8 days on the market before going under contract.
ZIP 66203 sits in the Merriam, KS area, roughly 0.7 miles from downtown Merriam. Because home prices are set street by street, this ZIP can move differently from Merriam's citywide averages. The figures below reflect 66203 specifically — drawn from Redfin transactions, U.S. Census data for its 19,441 residents, and Zillow value estimates.
Homes sold
54
Last 12 weeks
Days on market
8
Fast-moving
Active listings
—
Sale-to-list
—
Below asking
What is driving the 66203 housing market?
The 66203 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 66203 have increased +5.4% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 66203 stands at $333,740, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,912 per month. This gives a price-to-rent ratio of approximately 14.5, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 66203?
Population
19,441
Median income
$75,869/yr
Median age
38.2 years
Owner-occupied
63.8%
College grads
37.7%
Avg commute
23.27 min
What is it like living in 66203?
Zip code 66203 is home to approximately 19,441 residents. The median household income is $75,869 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 63.8% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 37.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.27 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 66203.
Which public schools serve ZIP 66203?
4 schools tracked · 2,014 students
The largest public schools serving ZIP code 66203 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Hocker Grove Middle
Grades 7-8 · 736 students
Nieman Elem
Grades PK-6 · 442 students
Merriam Park Elementary
Grades PK-6 · 429 students
Bluejacket-Flint
Grades PK-6 · 407 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 66203
What is the median home price in 66203?
The current median sale price in 66203 is $342,500, based on recent Redfin transaction data. Prices have changed +5.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 66203 a buyer's or seller's market?
The 66203 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 66203?
Zip code 66203 has a population of approximately 19,441 residents. The median household income is $75,869 per year. About 63.8% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 66203?
Properties Incorporated provides comprehensive data for 66203 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 66203 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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