63744, Delta, MO

Home Equity and Home Prices in the 63744 Zip Code of Delta, MO

The home equity and home prices in the 63744 zip code of Delta, MO are very high. The median home value is $236,000 and the average home value is $269,000. These values are much higher than the national average of $161,500 and $183,000 respectively. This indicates that there is a lot of wealth in this area. Additionally, the percentage of homes that are owner-occupied is high at 87%. This indicates that a majority of people in this zip code are able to own their homes outright or have significant equity in their homes. This high level of homeownership contributes to the high levels of home equity and home prices.

One reason why these values are so high is because there is a lot of demand for housing in this area. The population density is low at only 2 people per square mile which allows for plenty of room to build new homes without overcrowding. Additionally, Delta has access to many amenities including excellent schools and a strong economy. These factors make it an attractive place to live and raise a family. As a result, there is strong competition for housing stock which drives up prices even further.

Despite these high values, it's important to remember that homeownership isn't always a guarantee of stability or security when markets go down (as they have done recently). If you're considering buying or selling a home in this area be sure to consult with an experienced real estate agent who can help you understand all your options and protect your interests during any market fluctuations