76251, Montague, TX

The 76251 zip code of Montague, TX has a median home value of $137,000 and a median home equity value of $111,000. These values are significantly higher than the statewide median home value of $106,500 and statewide median home equity value of $101,200. The reasons for this discrepancy are likely due to the high concentration of affluent households in this zip code as well as the relatively low rate of foreclosure in this area.

Despite these high values, there is still significant opportunity for homeowners in the 76251 zip code to improve their homes' equity by making modest updates and improvements. For example, a few small repairs can often result in a sizable increase in property value: replacing rotted wood framing with new lumber; fixing broken windows or doors; updating electrical wiring or plumbing fixtures. Additionally, many homeowners can benefit from refinancing their mortgages to take advantage of historically low interest rates and increasing market values.