64856, Pineville, MO

The 64856 zip code of Pineville, Missouri is located in the southeastern corner of the state. The zip code covers a total area of 2,851 square miles and has a population of just over 38,000 people. The median household income in the zip code is just over $50,000 and there are only about 1,500 homes for sale in the area.

Home prices in the 64856 zip code have been steadily increasing over the past few years. In January of this year, home prices were up about 5% from a year earlier and they are now up about 10% from their pre-recession peak. However, despite these increases, home prices remain well below their levels before the housing market crash in 2008.

One reason that home prices have been increasing so rapidly in the 64856 zip code is that there are very few available homes for sale. Over the past several years, many homes have been sold due to foreclosure or bankruptcy but there has not been an increase in new home construction to replace them. As a result, demand has outstripped supply and home prices have increased accordingly.

Another factor contributing to rising home prices in the 64856 zip code is interest rates. Since 2007, interest rates have been relatively low which has made it more affordable for people to borrow money to buy a house but it also makes it more difficult for people who want to sell their house quickly because they need to pay back all of their borrowed money at once rather than gradually over time like they would if interest rates were higher.