64151, Kansas City, MO

The 64151 zip code is located in Kansas City, MO. The median home value in this zip code is $169,900. The home equity index for this zip code is 111.3%. This means that the homes in this zip code are worth an average of $111,300 more than what it would cost to buy them outright. Additionally, the average home price has increased by 2% over the past year.

There are a number of factors that contribute to the high home equity index in this zip code. One reason is that the homes here are generally newer and have lower depreciation rates than older homes. Additionally, many people in this area own their homes outright rather than using a mortgage or other loan product. This gives homeowners more control over their financial situation and makes it easier to maintain their property values over time.

Despite these positive trends, there are some areas of concern for homeowners in the 64151 zip code. One issue is that interest rates have been on the rise recently, which could make it harder for people to afford a mortgage or other loan product if they need one in the future. Additionally, there has been an increase in housing prices outside of traditional urban areas – which could lead to displacement of long-time residents if prices continue to increase rapidly. However, overall homeownership rates remain high and indicate that most people who live in this area are doing well financially overall."