65712, Mount Vernon, MO

The 65712 zip code of Mount Vernon, MO is located in the southeast corner of the city. The area has a population of about 12,000 and an average household income of around $60,000. The median home value in this zip code is around $130,000.

There are a number of factors that have contributed to the high home values in this zip code. First and foremost, Mount Vernon is a desirable location with plenty of amenities and good schools. Additionally, there is strong demand for housing due to the large population and relatively low rates of unemployment. Finally, many homeowners have taken advantage of low interest rates over the past few years to refinance their homes or purchase new ones.

Despite these positive trends, there are some risks associated with high home values in Mount Vernon. For one thing, if interest rates rise significantly from their current levels or if another recession hits later on down the line, many homeowners could find themselves struggling to sell their homes at prices that reflect their true worth. Additionally, if too many people try to buy or sell at once (due to rising prices or other market conditions), there could be significant delays in transactions that could lead to higher prices overall.