65807, Springfield, MO

The 65807 zip code of Springfield, MO has a population of around 128,000 people. The median household income in this zip code is $60,000 which is lower than the national median household income of $59,445. The unemployment rate in this zip code is around 5%. Home prices in this zip code are significantly lower than the national average home price of $247,500. In fact, the average home price in this zip code is only $163,600 which makes it one of the most affordable zip codes in Missouri.

One reason why home prices are so low in the 65807 zip code of Springfield is because there are a lot of homes that are currently for sale. There are also a lot of homes that have been foreclosed on and are not being sold at market value. This means that there is a lot of competition for homes available for sale and buyers can often find great deals on homes in this zip code.

Another reason why home prices are low in the 65807 zip code of Springfield is because there is a shortage of housing stock available for purchase. This shortage has been caused by a number of factors including population growth and increased demand for housing from people who have moved to Springfield from other parts of Missouri or from other states altogether. As long as these factors continue to exist, it will be difficult for home prices to increase significantly within the 65807 zip code.