65201, Columbia, MO

The 65201 zip code of Columbia, MO has a population of about 97,000 people. The median household income in this zip code is about $92,000, which is higher than the national median household income of $59,445. The home equity and home prices in this zip code are both relatively high. As of March 2016, the home equity in this zip code was estimated to be $255,000 and the home prices were estimated to be $269,500. These values are both higher than the national average home equity and home prices respectively.

One reason that the home equity and home prices in this zip code are high is that Columbia has a relatively low unemployment rate. As of March 2016, the unemployment rate in Columbia was only 3.4%, which is lower than the national unemployment rate of 4%. This low unemployment rate may help to drive up demand for homes in Columbia and increase the value of homes in this zip code. Additionally, Columbia has a strong economy with many jobs available. This may help to drive up demand for homes and increase the value of homes in this zipcode.

Despite these factors contributing to high values for homes in this zip code, there are some risks associated with buying or owning a home here. One risk is that interest rates could rise over time and make it more difficult for homeowners to pay off their mortgages or loans on their homes. Another risk is that housing prices could decline over time due to changes in market conditions or other factors outside of homeowners' control such as economic recession or natural disasters like floods or earthquakes