65270, Moberly, MO

The 65270 zip code of Moberly, MO is located in southeast Missouri and includes a population of around 16,000. The median household income in the zip code is $50,000 and the median home value is $130,000. Home equity in this zip code has increased by over 20% since 2007 and home prices have increased by over 30%.

One reason for the increase in home equity in this zip code is that Moberly has seen strong job growth over the past few years. The city has seen an increase of almost 10% in jobs since 2010 and there are now more jobs than people looking for them. This has led to an increase in wages and a decrease in housing costs. Additionally, Moberly is located near several major economic hubs, including Kansas City and St. Louis, which have also contributed to the rise in home values.

Despite these positive trends, there are some challenges facing homeowners in the 65270 zip code. One issue is that interest rates are currently at historic lows which means that borrowers are getting less bang for their buck when it comes to borrowing money to buy a house. Additionally, there has been an increase recently of foreclosures within this area which could lead to decreased demand for homes and lower home values. However, overall it appears that homeownership opportunities continue to be available at reasonable prices within the 65270 zip code