64848, La Russell, MO

The La Russell zip code of 64848 has a population of about 5,000 people and an average home value of $147,000. The median household income in this zip code is about $60,000. Home equity is one of the most important aspects of homeownership and can be a key factor in determining whether or not someone can afford to stay in their home.

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In La Russell, the average home value is $147,000 but the median homeowner owes only $106,500 on their mortgage. This means that homeowners have nearly $33,500 left over after they pay their mortgage and other bills. This extra money can be used to pay down debt or save for future expenses.

Home prices in La Russell have been relatively stable over the past few years despite increasing demand from buyers and decreasing supply from sellers. This may be due to strong economic fundamentals such as low unemployment rates and steady job growth, as well as limited housing options within close proximity to downtown La Russell. There are currently only about 30 homes available for sale in La Russell compared to more than 500 homes available just five years ago.

If you are interested in buying or selling a home in La Russel, it is important to consult with an experienced real estate agent who can help you understand your specific situation and find the best option for you.