64123, Kansas City, MO

The 64123 zip code in Kansas City, MO is a diverse and rapidly growing area. Home prices have increased significantly over the past few years, making this a desirable location to live in. The average home price in the zip code is $269,000, which is higher than the national average of $217,500. This increase in home prices has led to an increase in home equity for residents of the 64123 zip code. The median home equity value in the zip code is $141,000, which is higher than the national median of $130,000. This indicates that many residents are able to use their home equity to finance other investments or debts.

One reason for the increase in home prices and home equity in the 64123 zip code is that there are a lot of new homes being built in this area. The population of the zip code has grown by 25% since 2010 and there are currently about 30 new homes being built each month. This growth has led to an increased demand for housing and consequently an increase in home prices and home equity values.

Another factor contributing to the high levels ofhome values andhome equityinthe64123zipcodeisthelowinterest rates available on loans today compared to previous years. Low interest rates have made it more affordable for people to borrow money against their homes so they can buy additional property or take out larger loans for other purposes. As a result, more people are able to invest their money into housing assets rather than taking out risky loans elsewhere