64759, Lamar, MO

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. Home prices are the price at which homes are sold in a given area. Both home equity and home prices can vary greatly from one area to another, depending on many factors, including the location, size, age, condition, and amenities of each particular neighborhood.

According to data from Zillow, as of September 2017 the median home value in Lamar was $130,000. This means that half of all homes in this zip code were worth more than $130,000 and half were worth less. The average home value in Lamar has increased by 5% over the past year. However, there is a significant variation in home values within this zip code: while some neighborhoods have seen increases of over 20%, others have seen decreases of up to 10%.

One reason for this variation is likely due to local market conditions: while Lamar as a whole has seen an increase in home values over the past year, some neighborhoods within this zip code have experienced much higher or lower rates of growth. For example, areas near downtown Lamar (where most homes are priced at or above $130K) have seen relatively stable prices over the past year while areas near Lamar University (where prices are lower) have experienced significant drops in values. It's also important to consider factors like age and location when looking at home equity and home prices: older homes tend to be worth more than newer ones (due to their greater historical value), while properties located closer to major transportation hubs will typically be more expensive than those located further away.