63005, Chesterfield, MO

The Chesterfield, Missouri 63005 zip code has a population of around 118,000 people. The median household income in this zip code is $92,000 and the median home value is $224,500. This means that the home equity in this zip code is around $176,500.

The average interest rate on a 30-year fixed-rate mortgage in this zip code is 4.02%. This means that the average homeowner could borrow up to $236,200 using a traditional mortgage. However, there are some restrictions on what type of mortgage you can use in this zip code. For example, you cannot use a jumbo loan or a reverse mortgage in this zip code.

There are also some other factors to consider when borrowing money for a home purchase. For example, the down payment required for a typical home purchase in this zip code is around 20%. Additionally, property taxes and insurance premiums can add up quickly if you don't have enough money saved up to cover them. Therefore, it's important to do your research before making any decisions about purchasing a home in Chesterfield, Missouri 63005.