64644, Hamilton, MO

The 64644 zip code of Hamilton, MO has a median home value of $151,000 and a median home equity value of $106,000. The city has a population of around 30,000 people and is located in the middle of Missouri.

There are many factors that affect the home equity and home prices in any given zip code. In Hamilton, the main drivers of home equity are typically household income and age. Older households tend to have more equity in their homes than younger households, since they have had more time to save up for a down payment and they have fewer expenses associated with raising children. Additionally, homeowners in Hamilton who have maintained their property values over time generally have more equity in their homes than those who have seen their values decline. This is due to several factors: firstly, homeowners who maintain their property values generally take care of their homes well - fixing things when they need to be fixed but not letting them get out of hand - which leads to increased resale value; secondly, as prices increase over time in Hamilton neighborhoods where property values are high relative to incomes (and there is competition for housing), those who own homes there tend to see larger increases in their equity than those who do not; finally, as prices increase over time it becomes easier for homeowners to borrow money against their homes' worth - something that can be helpful if you're planning on buying or selling soon but may not be necessary if you're happy with your current situation and don't anticipate needing or wanting to sell anytime soon.