64645, Harris, MO

The Harris zip code 64645 has a median home value of $149,900 and a median home equity value of $101,200. These values are higher than the Missouri median home value of $123,800 and the national median home equity value of $117,600. The Harris zip code also has a higher percentage of homeowners with a mortgage than the Missouri or national percentages.

There are several factors that may contribute to the high values in the Harris zip code. First, it is located in an affluent area with plenty of jobs and opportunities. Second, homes in this area tend to be newer and have larger square footage than homes in other areas. Finally, there is strong demand for housing in this area due to its excellent schools and amenities.

Despite these high values, there are some risks associated with owning a home in the Harris zip code. One risk is that interest rates could rise over time, making it more difficult for homeowners to pay their mortgages. Another risk is that the market could decline suddenly and leave homeowners underwater on their mortgages. In order to minimize these risks, homeowners should make sure they have adequate insurance coverage and make regular payments on their mortgages even if their income doesn't increase as expected over time.