75803, Palestine, TX

The home equity and home prices in the 75803 zip code of Palestine, TX are reflective of the overall market conditions in the area. The median home value in this zip code is $128,000, which is significantly lower than the statewide median home value of $217,500. Additionally, the percentage of homes that are owner-occupied is lower than the statewide percentage of owner-occupied homes at 63%. This indicates that there are more rental properties in this zip code than there are owner-occupied homes.

Despite these market conditions, there have been a few notable increases in home values over the past year or so. For example, one house that recently sold for $135,000 was previously listed for sale for only $90,000 a year ago. Additionally, two other houses that recently sold for $130K and $135K were both listed for sale a year ago for only $100K and $110K respectively. These modest increases may be indicative of increased demand within this particular zip code due to its low median home value and high percentage of rental properties.