64648, Jamesport, MO

The 64648 zip code of Jamesport, MO has a median home value of $122,000 and a median home equity value of $101,000. These values are lower than the Missouri median home value of $157,500 and the national median home equity value of $142,700. The Jamesport area has seen a decrease in both home values and equity over the past five years. In 2013, the median home value was $135,000 and the median home equity was $105,000. However, by 2016 these values had decreased to $122,000 and $101,000 respectively. This decrease is likely due to several factors including low interest rates and increased competition from surrounding areas.

Despite this decrease in values over time, homeownership rates in the 64648 zip code are still high compared to other areas in Missouri. In 2016, 68% of households were owner-occupied which is above the Missouri average of 63%. Additionally, despite decreasing values homeowners have been able to maintain their homes by refinancing or taking out second mortgages in order to maintain their equity levels. This indicates that even though homeownership rates may be lower than average there is still strong demand for homes within this zip code.