65459, Dixon, MO

The Dixon, Missouri home equity and home prices are reflective of the overall market conditions in the zip code. The average price of a Dixon home was $135,000 in 2016, which is lower than the Missouri state average of $157,500. However, this does not mean that homes in Dixon are cheap by any means. In fact, the median household income for Dixon residents was just over $60,000 in 2016. This indicates that there is a healthy mix of both wealthy and middle-class residents in the zip code.

One reason why home values may be lower in Dixon than elsewhere in Missouri is that there are fewer luxury homes available for sale here. In fact, only about one-third of all homes sold in Dixon were classified as luxury properties during the past year. This is likely due to the fact that many people who live in Dixon are either first-time homeowners or people who have been living there for a relatively short period of time. As such, they may not be able to afford to buy a more expensive home yet.

On the other hand, some potential buyers may be deterred from buying a home here because of high mortgage rates. The average interest rate on mortgages issued in Dixon during the past year was 4%. This is much higher than the statewide average of 3%. However, rates can vary significantly from one lender to another so it’s important to do your research before making an offer on a property here.