64052, Independence, MO

The 64052 zip code of Independence, MO has a median home value of $136,000. The home equity in this zip code is $46,000. This means that the average homeowner in this zip code has about 2/3rds of their home equity invested in their home. This is a lower percentage than the national average of 3/4ths of one's home equity being invested in one's home.

There are several factors that could contribute to the lower percentage of homeowners' home equity being invested in their homes in the 64052 zip code. One reason could be that more homeowners here are using theirhome equity to finance other typesof investments such as cars or college educations for their children. Another reason could be that many homeowners here have taken out mortgages ontheir homes which locks up a larger portionof theirhome equity for a longer periodof timethan if they hadused itto financea downpaymentonanother typeof property such as an apartment or condo.

Despite thesefactors, there are still many homeowners inthe 64052zipcode whohave managed to save andinvest a significantportionoftheirhomeequityintheir homes. This showsthat even though there may be some challengesassociated with havingmorethanthree-quartersofthehomeequityinvestedinone's house, mostpeople canstillmanage to do so ifthey takethe necessaryprecautionsand make smartfinancial decisions over time.