75438, Dodd City, TX

Home Equity and Home Prices in the 75438 Zip Code of Dodd City, TX

The home equity and home prices in the 75438 zip code of Dodd City, TX are very high. The median home value in this zip code is $247,000, which is more than triple the national median home value of $116,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, approximately 54% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 33%.

One reason for these high home values and percentages may be due to the fact that Dodd City is a relatively affluent area. The median household income in this zip code is $92,000, which is well above the national median household income of $53,046. Additionally, there are a number of luxury amenities available in this area such as golf courses and tennis courts. Therefore, it may be that wealthier individuals are choosing to live here or invest in property here.

Another possible explanation for these high home values and percentages is that Dodd City has been experiencing strong growth over recent years. The population growth rate for this zip code was 6% between 2010 and 2015*, which was much higher than the national average population growth rate of 2%. This strong population growth may be contributing to increased demand for housing stock and consequently higher home values and percentages.