64063, Lees Summit, MO

The 64063 zip code of Lees Summit, MO has a median home value of $217,500. This is higher than the Missouri median home value of $161,200. The 64063 zip code also has a higher percentage of homes with a mortgage than the Missouri median of 66%.

Lees Summit is an affluent suburb located in southwest Kansas City. The population was 26,541 at the 2010 census and has grown to over 30,000 since then. The city's economy is based on healthcare, education and technology businesses. Home prices in Lees Summit have increased significantly in recent years as more people have moved into the area and demand for housing has outpaced supply.

There are several factors that contribute to the high home values in Lees Summit:

-Location - The 64063 zip code is located in one of the most affluent areas in Missouri and is close to many major metropolitan areas including Kansas City, St. Louis and Springfield.

-Homes - Most homes in Lees Summit are new or recently renovated which increases their value considerably.

-Mortgage Rates - While rates have decreased recently they remain much higher than average compared to other parts of the country.