65804, Springfield, MO

The 65804 zip code of Springfield, MO has a median home value of $128,200. Home prices in this zip code have increased by 5.5% over the past year and are projected to grow by an additional 2.8% in the next year. This increase in home values is due to a combination of strong economic conditions and limited supply of homes for sale in the area.

Home equity is one of the most important assets that homeowners can have. Home equity allows homeowners to borrow money against their home's value, which can be used for a variety of purposes such as paying off debt, purchasing a new home, or investing in stocks or other investments. Homeowners who have high levels of home equity are more likely to be able to weather difficult financial times than those who do not have anyhome equity at all.

The 65804 zip code is located in central Missouri and has a population of approximately 50,000 people. The majority (approximately 60%)of residents in this zip code are employed full-time and 35% are employed part-time. The average household income in this zip code is $60,000 which is lower than the Missouri state average but higher than the national average. There are also a significant number (approximately 25%)of residents living below the poverty line which is slightly higher than the Missouri state average but lower than the national average.