63645, Fredericktown, MO

The home equity and home prices in the 63645 zip code of Fredericktown, MO are very high. The median home value in this zip code is $282,000, which is more than double the median home value in the state of Missouri. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. This indicates that there is a lot of wealth concentrated in this area, which likely contributes to the high home values.

One reason for the high home values in this zip code may be due to its location. Fredericktown is located near several major cities, including St. Louis and Kansas City. These cities have a large population and are likely responsible for a large portion of the area's wealth. Additionally, Fredericktown has access to many amenities that other areas do not have, such as excellent schools and plenty of shopping options. Therefore, it may be difficult for people to find homes that are affordable enough to buy or rent within this area.