64850, Neosho, MO

The Neosho, MO 64850 zip code has a median home value of $128,000. The home equity in this zip code is $41,000. This means that the typical Neosho resident has about 18% of their home equity invested in their home. This percentage is lower than the national average of 27%.

There are several factors that could contribute to this lower percentage. One reason may be that Neosho residents may have less money tied up in their homes due to higher rates of unemployment and lower incomes. Additionally, many Neosho residents may be using their home equity for other purposes such as paying off debt or investing in other assets.

Despite these factors, the fact that the typical Neosho resident has a significant amount of their home equity invested in their homes is positive news. It suggests that homeownership rates are high and there is strong demand for residential property in this area. Additionally, having a large amount of your home equity invested in your house can provide stability and security during tough economic times.