75090, Sherman, TX

Home Equity and Home Prices in the 75090 Zip Code of Sherman, TX

The 75090 zip code of Sherman, TX has a median home value of $142,500. This is higher than the statewide median home value of $117,500. The 75090 zip code also has a higher than average percentage of homes with equity (56%). This indicates that many homeowners in this area have more equity in their homes than typical.

One reason for this may be that the Sherman area is relatively affluent. The median household income in the zip code is $101,000, which is above the statewide median household income of $75,000. Additionally, there are relatively few families living below the poverty line (4% compared to 16% statewide). These factors may contribute to higher home values and a greater percentage of homeowners with equity.

Despite these advantages, it's important to keep in mind that home values can fluctuate over time. In fact, according to Zillow®, Sherman's current average home value is down from its peak in 2016 ($153K). This suggests that there could be opportunities for buyers who are interested in purchasing a home within this zip code at lower prices than they were recently.

If you're thinking about buying or selling a home within the 75090 zip code of Sherman, TX., it's important to consult with an experienced real estate agent who can help you understand your options and make sound decisions based on your specific needs and circumstances.