65734, Purdy, MO

The 65734 zip code of Purdy, MO has a median home value of $122,000 and a median home equity value of $141,000. These values are significantly higher than the Missouri median home value of $71,200 and the national median home equity value of $106,400. The high home values in the 65734 zip code may be due to its proximity to St. Louis and its relatively affluent population.

Home prices in the 65734 zip code have increased significantly over the past few years. In January 2016, the median home value was $110,000 and by January 2017 it had increased to $122,000. This increase is likely due to strong demand from buyers and limited supply in the area. Over the past three years alone,home prices have increased by an average of 18%.

Despite these high values, homeownership rates in the 65734 zip code are still high compared to other parts of Missouri and nationwide. In January 2016, homeownership rates were 69% which is above both Missouri's statewide rate (64%) and national rate (63%). However, since then homeownership rates have decreased slightly to 67%. This decrease may be attributable to stricter lending criteria imposed by banks during 2017 which made it more difficult for potential buyers to obtain mortgages.