64470, Mound City, MO

The home equity and home prices in the 64470 zip code of Mound City, MO are among the highest in the state. The median home value in this zip code is $191,900, which is more than double the statewide median home value of $86,600. Additionally, the percentage of homes in this zip code that are owned outright (without a mortgage) is among the highest in Missouri. This suggests that there are a lot of homeowners who have plenty of equity in their homes.

One reason why home values are high in this zip code is likely because there are a lot of affluent residents here. The percentage of households earning over $100,000 annually is among the highest in Missouri. Additionally, Mound City has a high concentration of jobs in fields like healthcare and technology, which tend to be higher paying than other sectors. Therefore, it's not surprising that many homeowners have a lot of equity in their homes.

However, there are some risks associated with having too much equity in your home. If you lose your job or experience other financial setbacks, you may not be able to afford to pay off your mortgage or sell your house quickly enough to recoup all your losses. It's important to carefully consider all your options before taking on too much debt or selling your house too soon – otherwise you could end up losing money on your investment.