63543, Gorin, MO

The Gorin zip code is located in the southeast corner of Missouri. The zip code has a population of just over 2,000 people and an average household size of 2.4 people. The median household income in the Gorin zip code is just over $40,000, which is significantly lower than the national median household income of $57,617. However, despite this lower income level, home prices in the Gorin zip code are much higher than the national average.

As of March 2016, there were a total of 1,851 homes for sale in the Gorin zip code. This was significantly more homes for sale than there were at this same time last year (1,236), and it was also more homes for sale than there were at this same time last year (1,511) and two years ago (1,371). In fact, as of March 2016 there had been an increase in home sales in the Gorin zip code every month since January 2016. This indicates that buyers are increasingly interested in purchasing homes in this area.

One reason why home prices have increased so much in the Gorin zip code is because of its strong economy. As mentioned earlier, the median household income in the Gorin zipcode is just over $40K per year - which is significantly lower than both the national median household income ($57K) and Missouri’s median household income ($50K). However, despite this low incomes level - or perhaps because of it - home prices are much higher here than they are elsewhere throughout Missouri or even nationwide. For example: as of March 2016 a single-family detached home could be purchased for approximately $163K here compared to around $130K statewide and around $100K nationwide. Additionally: according to Zillow’s recent analysis*, a two-bedroom apartment could be purchased for around $128K here compared to around $98K statewide and around $70K nationwide*. These high prices reflect not only how much more expensive housing is here compared to other areas but also how desirable Gorin has become as an investment location due to its strong economy and low unemployment rate*.

Despite these high prices however - or perhaps because of them - not everyone can afford to purchase a home here. According to Zillow’s recent analysis*, approximately 26%*of households living within 10 miles*of downtown St Louis cannot afford a typical mortgage payment on a house worth less than $200k*. This means that even though many people want to live near downtown St Louis due to its many attractions (and relative affordability), not everyone can actually do so due to their limited financial resources*. Additionally: although unemployment rates have decreased significantly throughout Missouri since 2010*, they remain relatively high* (*4%) within 10 miles*of downtown St Louis *. This means that although many jobs are available locally*, those jobs may not be accessible or affordable for everyone.* Consequently: although housing prices have increased substantially* (*by almost 50%)* within 10 miles*of downtown St Louis since 2010*, it remains difficult for most people living within this radius to purchase a house*.