63965, Van Buren, MO

Home Equity and Home Prices in the 63965 Zip Code of Van Buren, MO

The home equity and home prices in the 63965 zip code of Van Buren, MO are reflective of the overall market conditions in this area. The median home value in this zip code is $119,000 which is lower than the Missouri median home value of $135,000. However, when compared to other nearby zip codes, such as 63993 (St. Louis) and 63601 (Jefferson City), the median home values are higher at $130,000 and $116,000 respectively. This could be due to a number of factors including location within a desirable area or recent development activity.

When looking at homeownership rates within this zip code, it is interesting to note that 51% of households own their homes while 49% are renters. This indicates that there is a significant amount of owner-occupied housing stock within this area. Additionally, when comparing mortgage rates for homes within this zip code against those across Missouri as a whole, it can be seen that rates are lower here by about 2%. This could be due to either tighter lending standards or competition from other areas with similar characteristics but lower mortgage rates.

Overall then, while there may be some pockets where prices are higher than average relative to surrounding areas (due to location or recent development activity), on balance it appears that homeownership rates and mortgage rates remain relatively low in comparison to other parts of Missouri – providing potential buyers with an attractive option when considering purchasing property in this area.