64865, Seneca, MO

The 64865 zip code of Seneca, MO is located in the southeast region of the state and has a population of approximately 5,000. The median household income in this zip code is $42,000 which is lower than the Missouri median household income of $51,046. The homeownership rate in this zip code is 68% which is lower than the Missouri homeownership rate of 71%. The percentage of households that are occupied by renters is 19% which is higher than the Missouri percentage of 14%.

The average home value in this zip code is $123,500 which is higher than the Missouri average home value of $106,700. The percentage increase in home values from one year to the next for homes within this zip code was 9%. Home values have increased at a faster rate within this zip code compared to other areas within Missouri. This could be due to a number of factors such as low unemployment rates and low interest rates.

There are a number of factors that can affect home prices including interest rates, supply and demand, and local economic conditions. While there are many factors that can affect home prices within any given area there are some specific trends that can be observed with regard to home values in Seneca. For example, homes located closer to major metropolitan areas tend to have higher values than those located further away from large cities. Additionally, homes that are newer or have been recently remodeled tend to have higher values than older or less-updated properties.