65631, Clever, MO

The 65631 zip code of Clever, MO has a population of about 9,000 people. The median household income in this zip code is $53,000 which is about average for the surrounding area. The median home value in this zip code is $119,500 which is also about average for the surrounding area.

There are a lot of factors that can affect home prices and home equity in any given area. Some of the things that can influence home prices include interest rates, availability of homes for sale, local economic conditions, and demographic trends.

One thing that is definitely influencing home prices in the 65631 zip code of Clever, MO right now is interest rates. The Federal Reserve has been raising interest rates steadily since late 2015 and as a result mortgage rates have been going up too. This has made it more expensive to borrow money to buy a house or to refinance an existing mortgage.

Another factor that affects home prices in Clever, MO is availability of homes for sale. There are only about 100 homes currently available for sale in this zip code which means that there are relatively few houses on the market right now compared to usual times. This could lead to higher prices if there are no other changes happening in the local economy or if all of the available houses quickly sell out.

Local economic conditions can also play a role in how much house values change over time. If there are lots of new businesses opening up or if unemployment drops below average levels then housing values might go up even though interest rates might still be high. Conversely, if there are fewer new businesses opening up or if unemployment stays high then housing values might decline even though interest rates might still be low.

Demographic trends can also have an impact on how much house values change over time in Clever, MO . For example, if more families move into the area then house values will likely go up because there will be more demand for housing stock and properties will become more expensive as a result。 Conversely, if families start moving out of the area then house values might go down because there will be less demand for housing stock and properties will become cheaper as a result。