76073, Paradise, TX

Home Equity and Home Prices in the 76073 Zip Code of Paradise, TX

The 76073 zip code of Paradise, TX has a median home value of $174,000. The home equity in this zip code is $128,000. This means that the homeowners in this zip code have a net worth of $56,000 more than what is owed on their mortgages. In addition to this home equity, there are also approximately 190 homes that are worth more than their mortgages. This indicates that there is a healthy market for homes in the 76073 zip code.

There are several factors that contribute to the high home values and home equity in the 76073 zip code of Paradise. First and foremost is the fact that this area is located within one of the most desirable areas in Texas. Secondly, many homeowners have taken advantage of low interest rates over the past few years which has helped to increase their net worth by an additional $10,000 on average. Finally, many homeowners have invested money into improving their homes which has also contributed to increased values.

Despite these positive factors, it should be noted that there are some risks associated with owning a home in the 76073 zip code including potential market fluctuations and rising interest rates down the road. However, based on current trends it appears as though these risks will be manageable for most homeowners