75098, Wylie, TX

The 75098 zip code of Wylie, TX has a median home value of $153,000 and a median home equity value of $139,000. The 75098 zip code is located in Central Texas and has a population of approximately 10,000 people.

There are many factors that affect the home equity and home prices in the 75098 zip code. Some of these factors include the local economy, interest rates, housing supply and demand, and demographic data.

The local economy is one factor that can affect home equity values in the 75098 zip code. If there are more jobs available in the area or if businesses are doing well, then the median home equity value will likely be higher than if there are fewer jobs available or if businesses are struggling. Additionally, interest rates can also affect home equity values in the 75098 zip code. If interest rates rise then it will likely be more expensive for someone to borrow money to buy a house and this will likely lead to a decrease in home equity values. However, if interest rates fall then it may be cheaper for someone to borrow money to buy a house which will lead to an increase in home equity values.

Another factor that can affect home equity values in the 75098 zip code is housing supply and demand. If there is an increased demand for homes then this could lead to higher prices for homes as well as an increase inhome Equity Values . Conversely, if there is an decreased demand for homes then this could lead to lower prices for homes as well as a decreaseinhome Equity Values . Demographic data such as age distribution can also have an impact onhome Equity Values . For example , older households tendto havemore valuable homes than younger households do because they typically have more money saved upand they may not needto liveinasingle-familyhouseasmuchasyounger households do. Thus , age distribution can playa rolein determining how muchhomeequityisworthinthe75098zipcode .