65243, Clark, MO

The 65243 zip code of Clark, MO has a median home value of $158,000. The home equity in this zip code is $51,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price in this zip code has increased by 9% over the past five years.

There are a number of factors that have contributed to the increase in home values in the 65243 zip code. First and foremost, Clark is a growing city with many new residents and businesses moving into the area. Second, there is an abundance of available housing stock which has helped to keep prices stable despite strong demand from buyers. Finally, Clark is located within close proximity to both St Louis and Kansas City which makes it an attractive location for people looking to buy or sell homes.

Despite these positive trends, there are some challenges facing homeowners in the 65243 zip code. One issue is that interest rates have remained relatively low for much of the past few years which has made it difficult for many people to get approved for a mortgage and afford a house in this area. Additionally, there is limited inventory available on the market which can lead to high prices and long wait times for buyers who do find a house they want to purchase.