64667, Newtown, MO

The 64667 zip code of Newtown, MO is located in the southeast region of the state. The zip code has a population of approximately 21,000 and an average household income of $72,000. Home prices in the Newtown area have increased significantly over the past several years, reaching a median price of $164,900 in August 2017. This represents a 119% increase from the median home price of $75,000 recorded in August 2013.

One factor contributing to this trend is that Newtown is located within a desirable market area. The zip code includes areas such as Clayton and Webster Groves which are both popular with young professionals and families looking for suburban living without having to sacrifice access to amenities like restaurants and shopping districts. Additionally, many new development projects have been approved in recent years which are expected to increase demand for housing in the area.

Despite these positive factors, there are some potential risks associated with buying homes in Newtown. One issue is that interest rates have remained relatively low over the past few years which could make it difficult for buyers to get mortgages that they can afford. Additionally, there may be a limited supply of homes available for sale due to increasing demand, so buyers who want to purchase a home may need to act quickly if they want to find something that meets their needs.