63462, Perry, MO

The Perry zip code 63462 has a population of around 10,000 people and is located in the southeast corner of the state. The median household income in this zip code is $61,500, which is higher than the Missouri median household income of $51,046. The home equity and home prices in this zip code are both high compared to other areas of Missouri.

The average home value in Perry is $213,000, which is more than double the statewide average home value of $101,200. The percentage of homes that are owner-occupied in Perry is also high at 82%. This high level of ownership may be due to the many wealthy families who live in this area or it may be because there are not many available homes for sale. Home equity and home prices have been on the rise for years in Perry and they continue to increase faster than most areas of Missouri.

There are a number of reasons why home equity and home prices are so high in Perry. First, there are a lot of wealthy families who live here and they can afford to buy expensive homes. Second, there are not a lot of available homes for sale so buyers have plenty of choice when it comes to where they want to buy a house. Third, the economy has been doing well recently which has led to an increase in salaries and wages which has helped people afford more expensive homes. Fourth, interest rates have been low for a long time which has made it easier for people to borrow money to buy a house. Fifth, housing prices have always been relatively stable compared to other types of investments such as stocks or bonds so people feel more confident about investing their money into houses rather than other types of investments