76259, Ponder, TX

Home Equity and Home Prices in the 76259 Zip Code of Ponder, TX

The home equity and home prices in the 76259 zip code of Ponder, TX are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $116,500. The average home equity in this zip code is $141,000. This means that homeowners in this zip code have a significant amount of wealth tied up in their homes.

There are a number of reasons why homeowners in the 76259 zip code have such high levels of home equity. First, Ponder is a relatively affluent area. According to data from Zillow, the median household income here is $101,000 higher than the national median household income. Second, Ponder has a low rate of foreclosure activity relative to other areas of Texas. In fact, only 2% of homes here are currently for sale but not yet occupied due to foreclosure or bankruptcy proceedings. Finally, Ponder residents tend to stay put for long periods of time – only about one-third of homeowners here have lived in their current homes for less than five years. These factors all contribute to high levels of homeowner wealth and stability in the 76259 zip code.