63376, Saint Peters, MO

Saint Peters, Missouri is located in the Central Time Zone and has a population of approximately 44,000. The 63376 zip code covers an area of approximately 1 square mile and has a median household income of $50,000. Home prices in the Saint Peters zip code have increased significantly over the past few years and are now among the highest in the state.

The Saint Peters home equity market is currently experiencing a boom period due to strong demand from buyers and limited supply of homes available for sale. In 2017, home values in the 63376 zip code increased by an average of 10% compared to 2016. The majority of this increase can be attributed to rising prices for single-family homes (up 12%), condominiums (up 18%) and townhomes (up 24%). While there is still some room for price growth within the Saint Peters zip code, current trends suggest that prices will continue to rise over the next several years.

One reason why home values have been increasing so rapidly in Saint Peters is that there are relatively few homes available for sale within this zip code. In 2017, only 2 out of every 100 homes were sold compared to 3 out of every 100 homes that were sold in 2016. This shortage of available housing has led to bidding wars and high home prices across all types of properties within the 63376 zip code.

While it is important to note that not all areas within Saint Peters are experiencing similar levels of price appreciation, it is clear that homeownership opportunities are currently very limited in this area. As a result, many people are looking into purchasing property as an investment rather than as their primary residence. This trend will likely continue over time as more people become aware of how valuable property ownership can be in Saint Peters.