65604, Ash Grove, MO

The 65604 zip code of Ash Grove, Missouri is located in the northwest corner of the city and has a population of around 10,000. The median household income in this zip code is $60,000 which is above the Missouri median household income of $51,046. Home prices in this zip code have increased significantly over the past few years and are now among the highest in the state.

There are a number of factors that have contributed to the increase in home prices in this zip code. First, there is a strong demand for housing due to an influx of new residents and businesses moving into the area. Second, there is a low supply of homes available for sale which has driven up prices. Third, Ash Grove is located within close proximity to several major cities including Kansas City and St Louis which has led to an increase in demand for housing near these larger cities. Finally, Ash Grove has been designated as a desirable location to live by many real estate agents and homeowners have responded by increasing their home prices.

Despite these positive factors, there are some risks associated with high home prices that could lead to a decrease in values later on. For example, if interest rates rise or if there are any other economic disruptions that make it more difficult for people to afford homes then prices could fall. Additionally, if more people decide to sell their homes than buy them then values could decline quickly due to competition from buyers who are less interested in purchasing at high prices. However, overall it appears that home values have increased significantly over the past few years in the 65604 zip code of Ash Grove and investors should consider this area when looking for opportunities to invest in residential properties