65248, Fayette, MO

The 65248 zip code of Fayette, MO is located in the northwest corner of the state and includes a population of just over 10,000. The median home value in this zip code is $101,500 and the median household income is just over $50,000. This makes the 65248 zip code one of the more affordable areas in Missouri.

Despite being one of the more affordable areas in Missouri, home values have been increasing rapidly in the 65248 zip code over the past few years. The average increase from 2013 to 2016 was 27%. This rapid growth has led to some concerns about whether or not this trend will continue. However, there are several factors that could help to stabilize prices in this area. For example, there are only a limited number of homes available for sale and those that are available typically sell quickly. Additionally, wages have remained relatively stagnant over the past few years which could lead to increased demand for housing if wages begin to grow more quickly than home values.

Despite these potential stabilizing factors, it is still important to be aware of potential risks associated with buying a home in the 65248 zip code. One risk is that interest rates could rise which would make it more expensive for people to borrow money to buy a home. Another risk is that prices could decrease significantly if there are any major changes in economic conditions (e.g., an increase in unemployment or decreases in sales). Therefore, it is important for buyers and sellers alike to do their research before making any decisions about purchasing or selling a home in this area