65655, Gainesville, MO

The 65655 zip code of Gainesville, Missouri is located in the northwest corner of the state. The area has a population of around 36,000 and an average household income of around $60,000. Home prices in the 65655 zip code have increased by about 20% over the past year, which is much faster than the national average.

One reason for this increase may be that Gainesville is a growing city. The city has seen an influx of new residents and businesses, which has led to an increase in demand for housing. Additionally, many people are buying homes for investment purposes rather than for use as their primary residence. This means that there is more competition for homes available on the market and that prices are likely to continue to rise in the near future.

Another factor contributing to the increase in home prices in the 65655 zip code is low interest rates. Since banks are not lending as much money out on mortgages these days, homeowners have had to look elsewhere for financing options. One option they've turned to is home equity loans. These loans allow homeowners to borrow against their home's value instead of borrowing money from a bank or other financial institution. Because home equity loans are relatively short-term investments, interest rates are usually lower than those offered on traditional mortgages. This means that homeowners can afford to pay more per month for their mortgage but still receive a higher rate of return on their investment overall.

Overall, it seems likely that home prices will continue to rise in the 65655 zip code over the next few years due both to increasing demand and low interest rates