63435, Canton, MO

The Canton, MO 63435 zip code has a population of approximately 30,000 people. The median household income in the Canton, MO 63435 zip code is $69,000 and the median home value is $158,500. The average home equity in the Canton, MO 63435 zip code is $101,000.

There has been a significant increase in home equity values in the Canton, MO 63435 zip code over the past five years. In 2012, the median home equity value was $86,500. By 2016 that number had increased to $101,000. This trend is likely to continue as more and more people are able to purchase homes within this area at reasonable prices.

One reason for this increase in home equity values may be due to low interest rates and strong economic conditions overall. Another factor may be that many homes within the Canton, MO 63435 zip code are newer and have not experienced as much depreciation over time as older homes do. As long as there are no major changes in market conditions or interest rates (which could lead to a decrease in home equity values), homeowners should expect their equity levels to continue increasing over time.