65672, Hollister, MO

The 65672 zip code of Hollister, MO has a median home value of $141,000 and a median home equity value of $87,000. These values are lower than the Missouri median home value of $178,500 and the national median home equity value of $142,700. The Hollister area has seen a decrease in both its home values and its home equity values over the past five years.

The primary driver behind this trend is likely the low rate of inflation in Missouri and nationally. This means that while the cost of goods and services is increasing, the purchasing power of money is not. This makes it more difficult for people to afford homes or to increase their equity in their homes. Additionally, there are many factors that can influence home prices including local market conditions, interest rates, and availability of housing stock.

While there may be some localized areas within Hollister where prices are higher than average or where homeowners have more equity in their homes than average, on average these areas do not correspond with any particular socioeconomic demographic group or location within Hollister. In fact, across all ZIP codes within Missouri (65620-65589), Hollister has one of the lowest percentages (10%)of homeowners with more than 100% equity in their homes. This suggests that while there may be some pockets within Hollister where prices are lower overall due to depressed market conditions or low interest rates, on average most homeowners in this area have less total equity in their homes than what is typically seen elsewhere across Missouri or nationwide.