65332, Green Ridge, MO

The 65332 zip code of Green Ridge, Missouri is located in the northwest corner of the state and includes a population of just over 10,000 people. The median home value in this zip code is $135,000 and the median home equity is $101,700. This means that homeowners in the 65332 zip code have a net worth of $76,300 and an equity cushion of $41,100.

Home prices in this zip code have been relatively stable over the past few years. In 2016, there was a 0.5% increase in home values compared to 2015 but there was also a 2% decrease from 2014 to 2015. However, since 2012 there has been an average annual increase of 3%. This indicates that homeowners are benefiting from strong market growth across Missouri as well as nationally.

One factor that could be contributing to stability in home prices is low interest rates. The Federal Reserve has kept interest rates at historic lows for almost 7 years now which has helped to support housing values by making it more affordable for buyers to purchase homes and refinance existing mortgages when their terms expire or when they get a raise or bonus at work. Additionally, low interest rates are helping to stimulate economic growth by making it more affordable for businesses to borrow money and expand their operations.

Despite these positive trends, there are some potential risks associated with owning a home in the 65332 zip code including rising property taxes and insurance premiums as well as possible damage caused by natural disasters such as floods or tornadoes. It’s important for homeowners to stay up-to-date on changes affecting their area so they can make informed decisions about whether or not it’s right for them to buy or sell their home.