75603, Longview, TX

The 75603 zip code of Longview, TX has a population of around 134,000 people. The median household income in this zip code is $60,000 and the median home value is $163,500. This means that the home equity in this zip code is around $87,500 on average.

There are a number of factors that can affect home equity in a zip code such as the level of unemployment and inflation rates. However, one of the main drivers of home equity is the rate at which homes are selling. In general, homes that are newer or located in wealthier areas tend to sell faster than older or less-expensive homes. As a result, over time the percentage of homes with positive equity (the value of the home minus what was paid for it) will tend to increase in high-priced areas and decrease in low-priced areas.

Based on data from Zillow®, it appears that over the past five years (2010-2015), home values have increased by an average of 5% in ZIP Code 75603. This means that homeownership rates have also increased slightly during this time period – from 66% to 67%. Additionally, while there has been an overall increase in prices across all ZIP Codes within Texas during this time period (5%), Longview has seen an even greater increase (+10%). This suggests that there may be some localized pockets within Texas where prices are increasing more rapidly than elsewhere within the state.