64670, Pattonsburg, MO

The 64670 zip code of Pattonsburg, MO is located in the southwestern corner of the state and includes a population of just over 2,000. The median household income in this zip code is $39,868, which is well below the Missouri median household income of $54,657. The home equity and home prices in this zip code are both very low when compared to other areas of the state.

According to Zillow’s 2017 Home Value Report for Missouri, the median home value in this zip code is just $27,500. This is far below the statewide median home value of $177,500 and makes up only 0.3% of all homes in Missouri. Additionally, when compared to other nearby zip codes (such as 64701 which has a median home value of $36,000), 64670 ranks near the bottom with a median home value of just $26,000. This indicates that there are a large number of homes in this area that are worth less than $30,000.

When it comes to home equity and home prices specifically within this zip code, there appears to be a wide range depending on the location within the community. According to Zillow’s 2017 Home Value Report for Missouri: “The highest values can be found around major highways and close to affluent suburbs while values near schools or lower-income neighborhoods tend to be lower” (Zillow). This seems to be especially true when looking at specific streets within this area – for example Maple Street has a median home value of just under $100K but Chestnut Street has a median home value of just over $200K. It should also be noted that while most homes within this area have less than 100K worth of equity (meaning they are more likely to experience foreclosure or sale), there are still some homes with significant equity (over 500K).

Overall it seems that homeownership rates in Pattonsburg are quite low when compared to other areas within Missouri and even lower when looking at neighboring ZIP codes. Additionally, it appears that many homes here have less than 100K worth of equity which could make them more susceptible to foreclosure or sale if faced with financial difficulties.