63742, Commerce, MO

The Commerce zip code of 63742 has a median home value of $128,000 and a median home equity of $101,000. This means that approximately one-third of all homes in the zip code have a higher value than their original mortgage. Additionally, the Commerce zip code ranks #1 in Missouri for home equity growth over the past year. This indicates that there is strong demand for housing in this area and that people are able to afford to buy and improve their homes at an increasing rate.

There are several factors contributing to these high home values and high home equity rates in the Commerce zip code. First, Commerce is located in an affluent region of Missouri with a high level of job growth and low unemployment rates. Second, many homeowners in this area have taken advantage of low interest rates over the past few years to refinance their mortgages and increase their home equity holdings. Finally, many homes in this zip code are newer construction or have been recently renovated which has increased their value significantly.