75117, Edgewood, TX

Home Equity and Home Prices in the Edgewood, TX Zip Code

The home equity and home prices in the Edgewood, TX zip code are very high. The median home value is $390,000, which is more than double the national median home value of $177,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. Over 60% of homes in this zip code are worth more than their original purchase price. This is significantly higher than the national average of just over 40%.

One reason for this high level of home equity and home prices may be that there are a lot of wealthy residents in this zip code. The percentage of households that have an income over $200,000 is well above the national average. Additionally, there are a lot of affluent families who have chosen to live in Edgewood because it has a good school system and plenty of amenities. These factors may contribute to the high level of home equity and home prices in this area.