64017, Camden, MO

The 64017 zip code of Camden, MO has a median home value of $137,500. The home equity in this zip code is $49,000. The average home price in the Camden metro area is $191,700. This means that the home equity and home prices in this zip code are both lower than the average home value and home equity in the Camden metro area.

There are a few reasons why the homes in this zip code have less equity than other homes in the Camden metro area. One reason is that there are more foreclosures and short sales in this zip code than other parts of Camden. Another reason is that many people who live in this zip code are retired or have low incomes. These people may not be able to afford to buy a house outright or may not be able to get a mortgage on their house because of their low income or credit score.

Despite these factors, there are still some homeowners who own their homes outright or have enough equity to borrow against their homes for repairs or improvements. In fact, about one-third of all homeowners in this zip code have enough equity to borrow against their homes for at least one year without having to worry about getting hit with interest payments.

Overall, it seems that homeownership rates and home values are lower in the 64017 zip code of Camden than they are elsewhere in Camden County due to factors like higher rates of foreclosure and short sales, as well as lower incomes among residents here. However, even though most homeowners here do not have as much equity as others do, they still have some amount of ownership stake over their homes which gives them some security and stability during tough economic times