65802, Springfield, MO

The 65802 zip code of Springfield, MO has a population of around 116,000 people. The median household income in this zip code is $60,000 which is about average for the surrounding area. However, the home equity and home prices in this zip code are significantly higher than average.

As of March 2017, the median home value in this zip code was $161,200 which is more than double the median household income. Additionally, the home equity in this zip code is also significantly higher than average at $101,600. This indicates that many residents in this zip code have a significant amount of equity in their homes which gives them some security and peace of mind.

One reason why the home values and home equity in this zip code are so high is likely due to the strong economy that Springfield has been experiencing over the past few years. Jobs have been plentiful and wages have been increasing which has led to more people being able to afford homes and invest in their homes. Additionally, there are relatively few housing restrictions or zoning regulations which allows for more flexibility when it comes to buying or selling a house.