76431, Chico, TX

The Chico, TX zip code 76431 has a population of around 50,000 people and is located in the Central Valley region of the state. The median household income in this zip code is $59,000 which is above the statewide median of $53,482. The home equity and home prices in this zip code are both above average when compared to other areas of Texas.

The average home value in the Chico, TX zip code is $144,500 which is significantly higher than the statewide average of $107,200. Additionally, the percentage of homes that are owned outright or with a mortgage that are worth more than their original purchase price is also high in this zip code at 63%. This indicates that there are a lot of homeowners who have been able to build up equity in their homes over time.

One reason why home values are high in the Chico, TX zip code is because there are a lot of families who have been able to buy homes here for relatively cheap prices. In fact, according to Zillow’s recent report on ZIP codes with low housing costs, the Chico area ranks number one out of all ZIP codes across America with an annual cost-of-living index (COLI) score below 100.0! This means that it’s a great place to live if you want to be close to amenities without having to spend too much money on your monthly expenses.