64057, Independence, MO

The 64057 zip code of Independence, MO has a median home value of $137,500. This is higher than the Missouri median home value of $117,700. The 64057 zip code also has a lower than average unemployment rate of 3.5%. This indicates that there are more jobs in the area than people looking for jobs. Additionally, the percentage of families with children under 18 living at home is lower in the 64057 zip code than in most other Missouri zip codes. This could indicate that there are more families who are able to afford to live on their own rather than with their children under 18 living at home.

Income and wealth are two important factors when it comes to home values and home equity. The 64057 zip code has a median household income of $60,000 which is lower than the Missouri median household income of $70,000. However, this does not mean that all households in the 64057 zip code have low incomes. In fact, about one-third (34%) of households in the 64057 zip code have incomes above $100,000 which is higher than the Missouri median household income of 30%. Additionally, about one-quarter (24%) of households in the 64057 zip code have incomes above $200,000 which is higher than the Missouri median household income of 20%. These high incomes suggest that there are many wealthy residents in the 64057 zip code who can afford to buy or build homes even if their incomes are low compared to other areas in Missouri.

The percentage of homeownership in the 64057 zipcode is also high compared to most other areas in Missouri (68%). This indicates that many residents here feel very comfortable owning their homes rather than renting them or living rent-free with friends or family members. It may also be indicative that housing prices here are relatively stable compared to other areas throughout Missouri where housing prices have been increasing rapidly over recent years.