63080, Sullivan, MO

The 63080 zip code of Sullivan, MO has a median home value of $128,000 and a median home equity of $111,000. The average home value in the 63080 zip code has increased by 5.5% since 2005. Over the same time period, the average home equity in the 63080 zip code has increased by 10%. The increase in home values is likely due to an influx of new residents and an increase in demand for housing within the Sullivan area.

Home prices are also affected by local market conditions and interest rates. When interest rates are low, homeowners may be able to afford to borrow more money to purchase a home, which can lead to higher home values. Conversely, when interest rates are high, it may be more difficult for homeowners to afford a mortgage and may lead to lower home values.