63361, Montgomery City, MO

Montgomery City, Missouri is located in the 63361 zip code. The median home value in this zip code is $137,000 and the median home equity is $86,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price has increased by 5% since 2016. This indicates that there is a lot of demand for homes in this zip code and that prices are likely to continue to increase in the future.

Home equity is important because it allows homeowners to borrow against their homes' value without having to pay interest on their loans. This can be useful for people who want to buy a house or refinance an existing mortgage but don't have enough money up front. Additionally, homeowners who have a high level of home equity can use it as collateral for a loan if they need money quickly. In general, it's good news when prices increase and home equity grows because it means that more people are able to afford homes and get access to creditworthy loans.