76402, Stephenville, TX

Home Equity and Home Prices in the 76402 Zip Code of Stephenville, TX

The home equity and home prices in the 76402 zip code of Stephenville, TX are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes that are owner-occupied in this zip code is significantly higher than the national average of 63%. This indicates that there are a lot of homeowners in this area who are able to benefit from high home values.

One reason why the home values in this zip code are so high is because there is a lot of available land here. The Stephenville area has a population density of only 2 people per square mile, which means that there is plenty of room for new homes to be built. Additionally, many people who live in this area commute to jobs located outside of Stephenville. This means that there is a large demand for housing here and consequently, prices have increased accordingly.

Despite the high prices and availability of land in this area, it's important to keep in mind that not everyone can afford to live here. The median income for residents living in this zip code is $92,500 which is considerably lower than the national median income ($59,000). Therefore, it's important for potential homeowners to research their mortgage options carefully before making any decisions about buying a house here.