64114, Kansas City, MO

Home Equity and Home Prices in the 64114 Zip Code of Kansas City, MO

In the 64114 zip code of Kansas City, MO, home equity and home prices are both high. According to Zillow, the median home value in this zip code is $269,200. This is a higher median home value than any other zip code in Missouri or Kansas. The average home value in this zip code is also high at $291,600.

One reason for the high home values in this zip code may be that there are a lot of affluent residents here. The percentage of households earning over $100,000 annually is above the national average of 34%. Additionally, the percentage of households with an income over $200,000 is also above the national average of 10%.

Another factor that may contribute to the high home values in this zip code are low interest rates. The interest rate on a 30-year fixed-rate mortgage was 3.41% as of March 2017 according to Zillow. This low interest rate makes it more affordable for people to buy homes here and may help to drive up prices overall.

Despite these factors, there are some potential risks associated with buying a home in this zip code. For example, crime rates can be higher here than elsewhere in Missouri or Kansas (though they are still lower than many other cities). Additionally, there has been recent concern about rising housing prices leading to financial problems for some homeowners if they cannot sell their homes at a profit when they want to move or if interest rates increase later on (this has happened before).

Overall though, buyers should feel confident that they will be able to get a good deal on a house if they purchase one in the 64114 zip code of Kansas City,.