64635, Chula, MO

The Chula, MO 64635 zip code has a median home value of $132,000. This is lower than the Missouri median home value of $157,500. The Chula, MO 64635 zip code also has a lower than average home equity of $41,000. This indicates that many homeowners in this zip code have less equity in their homes than average.

There are several factors that could contribute to the low home equity in the Chula, MO 64635 zip code. Some potential reasons include:

-The high rate of foreclosure in this area could lead to fewer homeowners with significant equity in their homes.

-Many homeowners may be using HELOCs (home equity lines of credit) to cover short-term financial needs and have less available funds to invest in their homes or use for other purposes.

-Some homeowners may be underwater on their mortgages and unable to afford to make any significant improvements to their homes or pay off any outstanding debt.