65275, Paris, MO

The 65275 zip code of Paris, MO has a population of approximately 9,000 people. The median household income in this zip code is $59,000 which is significantly higher than the Missouri median household income of $46,500. Additionally, the home equity and home prices in this zip code are also significantly higher than the Missouri median home equity and home prices of $145,000 and $175,000 respectively.

One reason that the home equity and home prices in this zip code are so high is because there is a high concentration of wealthy households in this area. In fact, over 60% of households in this zip code have an annual income above $100,000. Additionally, there are a number of affluent neighborhoods located within the boundaries of this zip code including The Ridges at Paris (which has an annual median household income of over $200,000), Country Club Estates (with an annual median household income of over $200,000), and The Villages at Paris (which has an annual median household income of over $250,000). Consequently, there is a large pool of potential buyers who are able to afford to purchase homes in this area at high prices.

Another reason why the home equity and home prices in this zip code are so high is because there is a limited supply of homes available for sale. In fact, as of March 2016 there were only 174 homes for sale within the boundaries of this zip code which represents just 2%of all homes for sale within Missouri. Consequently, buyers who want to purchase a home in this area have to compete with each other for scarce housing inventory. This situation has resulted in sky-high home equity and home prices throughout the 65275 zip code. For example, as reported by Zillow®, the average list price for homes within the boundaries of this zipcode was $269 per square foot which was significantly higher than both the Missouri average list price ($183 per square foot) and national average list price ($236 per square foot). Consequently,. homeownership rates within the 65275 zipcode are also very high at 87%. This indicates that most buyers who want to purchase a house in this area are able to do so at elevated prices due to tight housing inventory conditions.