64465, Lathrop, MO

The home equity and home prices in the 64465 zip code of Lathrop, MO are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $127,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national average of just over 20%. This indicates that there are a lot of wealthy residents in this area.

One reason for this high level of home values may be the fact that Lathrop is located in a desirable area. It is close to both St. Louis and Kansas City, two major metropolitan areas with a large population and many businesses. Additionally, Lathrop has excellent schools and plenty of amenities such as shopping and recreation options. Therefore, it seems likely that many people who live in this area are able to sell their homes for a high price because they want to live near these things rather than because they need to sell their homes quickly to cover costs.

Despite the high level of home values in this zip code, it may not be too difficult for someone who wants to buy a house here to do so. The median household income in Lathrop is just over $100,000 which is slightly lower than the national average but still above the average income for houses located in this zip code. Additionally, there are several affordable neighborhoods within Lathrop that would likely be good places for someone looking to buy a house without spending too much money on renovations or repairs.