76265, Saint Jo, TX

The 76265 zip code of Saint Jo, TX has a median home value of $153,000 and a median home equity value of $137,000. This is higher than the statewide median home value of $127,500 and the national median home equity value of $142,600. The Saint Jo area has seen an increase in home values over the past five years. In 2012, the median home value was $130,000 and in 2016 it had increased to $153,000.

There are several factors that may contribute to this increase in home values in the 76265 zip code of Saint Jo. One reason may be that this area is experiencing strong job growth. The St. Jo-area unemployment rate was 3% as of October 2017 which is lower than the Texas statewide unemployment rate (4%) and the national unemployment rate (3%). Additionally, there is a high demand for housing due to increasing population growth within this area. According to recent census data from 2016, Saint Jo had a population growth rate of 2%. This indicates that there are many people looking to purchase or build homes in this area.

Another factor that may be contributing to the increase in home values in the 76265 zip code of Saint Jo is low interest rates. As of October 2017, interest rates were at historic lows which may make it more affordable for people to buy homes or refinance their mortgages. Low interest rates can also help boost housing prices because they make it more attractive for people to invest money into property instead of other investments such as stocks or bonds.

Overall, it appears that there are several factors contributing to an increase in home values within the 76265 zip code of Saint Jo over the past few years including strong job growth and low interest rates