75172, Wilmer, TX

Wilmer, TX is located in Harris County and has a population of approximately 25,000. The 75172 zip code has a median home value of $122,500 and a median household income of $53,750. Approximately 58% of households in the 75172 zip code own their homes outright while 42% are renters. The average home size is 2 bedrooms and 1 bathroom.

The average home equity in the 75172 zip code is $77,000. Home prices have increased by 5.5% over the past year and are projected to increase by an additional 7% over the next year. This growth is due to increasing demand for housing in Wilmer as well as statewide economic conditions that are favorable to homeownership. In addition, Wilmer has seen strong job growth over the past few years which has led to increased wages and savings which can be used to purchase a home.

There are several factors that contribute to homeownership rates being high in Wilmer: low interest rates, limited inventory availability, strong job growth, and low crime rates. Low interest rates make it affordable for people to borrow money against their homes so they can buy them outright or refinance into a more affordable loan option. Limited inventory availability means that there is not enough available housing for people who want to buy it; this drives up prices because there is more competition among buyers for available homes. Strong job growth means that people have more money available to invest in buying a home as well as other investments such as stocks or bonds which also provide returns over time. Finally, low crime rates make it less risky for people to invest in property since they do not have to worry about their homes being burglarized or damaged by criminals