63732, Altenburg, MO

The 63732 zip code of Altenburg, Missouri is located in the southwestern corner of the state and includes a population of just over 7,000. The median household income in this zip code is $60,000, which is well below the statewide median of $70,000. However, home prices in this area are much higher than the statewide median. As of March 2017, the average home price in this zip code was $269,500. This is more than double the statewide median home price of $130,000 and significantly higher than any other zip code in Missouri.

One reason for this high home prices in the 63732 zip code of Altenburg may be that there are relatively few homes for sale compared to other areas of Missouri. In March 2017 there were only 97 homes for sale in this zip code compared to 1,541 homes for sale across all of Missouri. Additionally, many homes in this area are older and have been well-maintained over time. This may make them more desirable to buyers and lead to higher prices when they come up for sale.

Despite these high home prices, it is important to keep in mind that not everyone can afford a home at these prices. The average price per square foot for homes sold in the 63732 zip code was $163 as of March 2017 which is above both the statewide average ($139) and national average ($144). So while it may be possible for some people to purchase a home at or near these prices it would likely require significant savings or investment capital.