63048, Herculaneum, MO

The 63048 zip code of Herculaneum, Missouri is a suburban area located just outside of St. Louis. The median home value in the 63048 zip code is $153,500, and the median home equity value is $119,000. The average home size in the 63048 zip code is 2,851 square feet. There are currently 1,527 homes for sale in the 63048 zip code.

There has been a significant increase in home prices over the past few years in the 63048 zip code of Herculaneum. In May of 2016, there were 706 homes for sale in the 63048 zip code and as of September 2017 there are 1,527 homes for sale. This represents an increase of 191% over the course of just three years! This rapid growth can likely be attributed to several factors including low interest rates and increasing demand from buyers who want to live close to major metropolitan areas like St. Louis but without having to pay high prices for property taxes or rent.

While it's great that home prices have increased so rapidly in the 63048 zip code over recent years, it's important to keep in mind that this isn't necessarily indicative of a healthy housing market overall. There are several factors that could cause prices to decline again including a decrease in demand from buyers or an increase in interest rates which would make mortgages more expensive to repay. It's also worth noting that while most homeowners within the 63048 zip code have good equity values (meaning they own their homes outright), not all homeowners are experiencing healthy appreciation rates on their properties - this could be due to factors like low income or high debt levels which could lead to foreclosure proceedings if not addressed promptly by homeowners .