76351, Archer City, TX

Archer City, TX is located in Williamson County and has a population of approximately 10,000. The median household income in Archer City is $60,000 and the median home value is $130,000. Home equity and home prices have been on the rise in Archer City over the past few years. In 2016, the home equity in Archer City was $128,000 and the home prices were $135,000. In 2017, the home equity increased to $137,500 and the home prices increased to $140,500. In 2018 so far, both the home equity and home prices have increased even further to reach a total of $148,500.

There are several reasons why homeownership rates have been increasing in Archer City over recent years. One reason is that there are more homes available for sale than there are buyers willing to purchase them. Another reason is that interest rates have remained low which makes it more affordable for people to buy homes than it was a few years ago. Additionally, Archer City has seen an increase in jobs over recent years which has led to an increase in wages which can be used to purchase a house outright or help pay down debt on a house already owned. Finally, Archer City residents are generally able to afford larger homes than they were able to five or ten years ago due to rising incomes and strong job growth.