63122, Saint Louis, MO

The 63122 zip code of Saint Louis, MO has a median home value of $128,000 and a median home equity value of $111,000. This is significantly lower than the national median home value of $217,500 and the regional median home equity value of $130,000. The 63122 zip code also has a significantly lower homeownership rate than the national homeownership rate of 68.5% and the regional homeownership rate of 69.1%.

There are several factors that may contribute to the low home values in the 63122 zip code. First, there is a high level of unemployment in this area which could lead to decreased demand for homes and reduced prices. Additionally, there is a significant amount of vacant land in this area which could lead to increased speculation and decreased prices. Finally, there is a high level of poverty in this area which could lead to decreased demand for homes and reduced prices.