63666, Reynolds, MO

The Reynolds zip code of 63666 has a median home value of $136,500 and a median home equity value of $119,000. This is higher than the Missouri median home value of $100,000 and the national median home equity value of $117,200. The Reynolds zip code also has a lower homeownership rate than the Missouri rate of 66.5% and the national homeownership rate of 69.2%. This indicates that there are more renters in this zip code than homeowners.

The Reynolds zip code has seen an increase in its home values over the past five years. Between 2012 and 2016, the Reynolds zip code's home values increased by 11%. This is higher than the Missouri statewide average increase of 7% and the national average increase of 5%. It is also higher than the citywide increase in Reynolds during this time period (6%). The main drivers behind this increased value are likely to be rising prices for homes and apartments in nearby cities as well as strong economic growth nationwide.

Despite these positive trends, there are some indications that housing prices may not continue to rise indefinitely. For one, there is evidence that demand for homes is beginning to outstrip supply in many areas across the country. Additionally, interest rates have been on a steady decline since late 2008 which may make purchasing a home more affordable for some people. Despite these potential challenges, it appears that housing prices will continue to rise in most parts of America over time.