63628, Bonne Terre, MO

The home equity and home prices in the 63628 zip code of Bonne Terre, MO are reflective of the overall market conditions in the area. The median home value in this zip code is $142,000, which is significantly lower than the Missouri median home value of $205,000. However, despite this lower value, there are still a significant number of homes for sale in this zip code. In addition, the average list price for homes currently on the market is $169,900 which is also below the Missouri average list price of $209,500. This indicates that there may be some potential buyers who are looking for properties within this zip code that have a lower price tag.

Despite these lower values however, it should be noted that there are still a number of homeowners in this zip code who are able to benefit from high home equity levels. The percentage of homeowners with a mortgage debt-to-income ratio above 30% is below the Missouri statewide average and indicates that many homeowners in this area have been able to maintain strong credit ratings over time. This could make it easier for them to qualify for financing when they decide to sell their homes or refinance their mortgages in the future.

Overall then, while there may be some potential buyers who are looking for properties within this zip code with a lower price tag, it appears that most homeowners here are able to benefit from strong home equity levels and stable market conditions.