65054, Loose Creek, MO

The 65054 zip code of Loose Creek, MO has a median home value of $129,500 and a median home equity value of $144,000. This is significantly higher than the Missouri median home value of $76,200 and the national median home equity value of $117,600. The 65054 zip code also has a high percentage of homeowners with a mortgage (77%) and a low percentage of homeowners without a mortgage (14%). These factors contribute to the high home equity values in this zip code.

The average monthly payment on a mortgage in the 65054 zip code is $1,547 which is significantly higher than the Missouri average monthly payment of $1,067. The 65054 zip code also has a low interest rate environment with an average interest rate on mortgages being 3.92%. This contributes to the high home equity values in this area.

The main drivers behind the high home equity values in the 65054 zip code are its high percentage of homeowners with mortgages and its low percentage of homeowners without mortgages. These factors make it easier for people to afford homes and keep up with their payments. Additionally, Loose Creek is located in an affluent area which contributes to its high home equity values as well.