75832, Cayuga, TX

Home Equity and Home Prices in the 75832 Zip Code of Cayuga, TX

The home equity and home prices in the 75832 zip code of Cayuga, TX are very high. The median home value in this zip code is $236,000, which is more than double 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, 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 this high level of home equity and home prices in the 75832 zip code of Cayuga, TX may be due to its strong economy. The unemployment rate here is only 3%, which is much lower than the national average unemployment rate of 6%. Additionally, Cayuga has a low poverty rate (4%) and a high income level (median household income over $75k). These factors may contribute to why so many homes here are worth more than their original purchase price.

Another reason for the high level of home equity and home prices in the 75832 zip code of Cayuga, TX may be due to its location. This area is located near several major cities such as Austin (30 miles away), Houston (40 miles away), Dallas (50 miles away), and San Antonio (60 miles away). These cities have a large population and a lot of economic activity, which may lead to higher levels of demand for housing and increased prices for homes.