63703, Cape Girardeau, MO

The 63703 zip code of Cape Girardeau, Missouri has a median home value of $119,900 and a median home equity value of $102,500. The city has a population of just over 3400 people and the median age is 37 years old.

There are a number of factors that could contribute to the high home values in this zip code. First and foremost, Cape Girardeau is located in an affluent area with plenty of jobs and opportunities. Additionally, the city has maintained its historical character while undergoing significant development in recent years. This combination has led to strong demand for homes in this area, which has helped to drive up prices.

Despite these positive trends, there are some potential risks that could affect home values in the 63703 zip code. For example, if there were to be a major economic recession or housing market crash, it could lead to a decrease in demand for homes and consequently lower prices. Additionally, although Cape Girardeau is generally safe and stable compared to many other areas around the country, it can still be susceptible to natural disasters such as floods or tornadoes. In either case, if prices decline significantly as a result of these events it would likely have an adverse impact on homeowners’ equity levels.

Overall though, based on current data it appears that homeownership rates and home values are both increasing rapidly in the 63703 zip code – which should make it an attractive option for those looking for quality property at reasonable prices