75437, Dike, TX

The home equity and home prices in the 75437 zip code of Dike, TX are quite high. The median home value in this zip code is $269,000, which is significantly higher than the national median home value of $177,500. Additionally, the percentage of homes in this zip code that are owned outright is high at 82%, which is much higher than the national homeownership rate of 63%. This indicates that there are a lot of people in this zip code who have a lot of equity in their homes.

One reason why the home equity and home prices in this zip code are so high is likely because there are a lot of affluent residents living here. The percentage of households earning over $100,000 per year is high at 26% compared to the national average of 15%. Additionally, the percentage of households earning over $200,000 per year is also high at 10%. These affluent residents likely have a lot more money available to them to invest in their homes or to spend on other things.

Another reason why the home equity and home prices in this zip code are so high may be because there is a lack of available housing stock. The number of homes for sale here is low compared to other areas nearby. This may mean that people who want to buy a house here have to compete with others who already own houses or who want to buy houses soon. As a result, it may be harder for someone who wants to buy a house but doesn’t have as much money as someone else to do so.