76238, Era, TX

The 76238 zip code of Era, TX has a median home value of $143,500 and a median home equity value of $101,000. The zip code has a population of about 2,600 people and is located in the Austin metropolitan area.

Home prices in the 76238 zip code have increased significantly over the past few years. In January 2017, the median home value was $135,000 and by December 2017 it had increased to $143,500. This represents an increase of about 20%. Over the same period, the median home equity value also increased by about 20%, from $87,500 to $101,000.

There are several factors that may be contributing to this trend. First, there is strong demand for housing in the Austin metropolitan area due to its high quality of life and growing economy. Second, there are relatively few new homes being built in this area which may lead to higher prices for existing homes. Third, interest rates have remained low over recent years which may also contribute to higher home values. Fourth, Era is located in a desirable location with good schools and access to amenities such as shopping and recreation facilities. Finally, homeownership rates in this area are high which may help to keep prices stable over time.