65301, Sedalia, MO

When people think of home equity, they typically think of the value of their home as a whole. However, when it comes to calculating your home equity, you should also consider the amount of money that you can borrow against your home. This is called your home's "home equity."

According to Zillow, the average value of a Sedalia home was $128,900 in February 2018. This means that homeowners in this zip code had a total equity value of $128,900 - which is calculated by subtracting the total amount owed on their mortgage from the total value of their home.

Since Sedalia homeowners have a lot of equity in their homes, they are generally able to borrow more money against them than homeowners in other zip codes. For example, according to Zillow's 2018 Home Value Index report , the average mortgage debt for Sedalia homeowners was $130,000 - which is much lower than the national average mortgage debt of $217,000 .

This means that Sedalia homeowners have more available funds to use for other expenses or investments - such as buying another property or investing in stocks or bonds. In fact, because Sedalia's housing market is relatively stable and there are few major events that could affect prices (like an economic recession), many people believe that Sedalia's housing market will continue to be strong for years to come.

So if you're thinking about buying a house in this zip code - or anywhere else in Missouri - be sure to calculate your home equity and compare it against other areas before making any decisions!