65565, Steelville, MO

The 65565 zip code of Steelville, MO is located in the southwestern corner of the state and includes a population of just over 10,000. The median home value in this zip code is $92,500 and the median household income is just over $50,000.

Home equity in this zip code has been steadily increasing over the past several years. As of September 2017, the median home value was up 8.5% from a year earlier and the median household income was up 5.9%. This strong growth indicates that there are many families who are benefiting from rising home prices and increasing equity in their homes.

One reason for this strong growth may be that Steelville is a growing community. The population here has increased by almost 10% since 2010, which has helped to drive up demand for housing and increase home values. Additionally, Steelville is located near several major cities (St Louis, Kansas City, Springfield) which have been driving up demand for housing as well.

While there are certainly some risks associated with high home values and rising equity (a sudden decrease in prices could lead to a loss of wealth), overall it appears that homeownership and stability are benefits that many people are enjoying in the 65565 zip code of Steelville.