65473, Fort Leonard Wood, MO

The 65473 zip code of Fort Leonard Wood, MO is located in the southeastern corner of Missouri. The zip code has a population of just over 20,000 people and covers an area of just under 10 square miles. Home prices in the 65473 zip code have been on the rise for the past few years, with median home prices reaching $151,000 as of September 2017. This is significantly higher than the Missouri median home price of $117,500.

One reason for this increase in home prices may be due to Fort Leonard Wood’s growing military population. The number of active duty military personnel stationed at Fort Leonard Wood has increased by more than 50% since 2001, which has led to an increase in demand for housing and property services within the zip code. Additionally, many residents who live in the 65473 zip code commute to work at nearby businesses such as Boeing and Monsanto. As a result, there is a high demand for residential properties within close proximity to these major employers.

Despite this positive trend, there are some potential risks associated with buying or selling a home in the 65473 zip code. For example, if you are purchasing a home from scratch it may take longer than average to find a qualified contractor or builder who can complete your project on schedule and within your budget. Additionally, if you are selling your home it may take longer than average to find someone who is interested in purchasing it due to high demand and limited inventory availability.

Overall, while there are some risks associated with buying or selling a home in the 65473 zip code, overall trends suggest that prices will continue to rise over time due to increasing demand from military personnel and other local residents alike.