63401, Hannibal, MO

The home equity and home prices in the 63401 zip code of Hannibal, MO are reflective of the overall market conditions in this area. The average home equity in this zip code is $161,000, which is lower than the Missouri average of $186,500. The average home price in this zip code is $146,500, which is also lower than the Missouri average of $157,900.

There are a number of factors that could contribute to these lower home equity and home prices in the 63401 zip code of Hannibal. One reason may be that there are fewer homes available for sale in this area compared to other areas of Missouri. Additionally, many homeowners here may be underwater on their mortgages and have difficulty refinancing or selling their homes due to high interest rates. As a result, they may be forced to sell their homes at a discount relative to what they might be able to get if they were located elsewhere in Missouri or if they had more equity in their homes.