76491, Woodson, TX

Woodson, TX is located in Williamson County and has a population of around 16,000. The median household income in Woodson is $75,000 and the median home value is $187,500. Home equity in Woodson is relatively high compared to other zip codes in Texas. In 2016, the home equity rate in Woodson was 18%. This means that the typical home owner in Woodson has over $100,000 of equity in their home.

The reason for this high level of equity may be due to the fact that Woodson is a relatively affluent area. The median household income is above the state average and there are a lot of wealthy residents who may have invested money into their homes over time. Additionally, many homeowners may have taken out mortgages with low interest rates which has helped to increase their home equity values.

Despite these positive factors, there are some risks associated with having high levels of home equity. If someone were to lose their job or experience some other financial setback, they might find it difficult to repay their mortgage debt and lose all of their accumulated equity on their home. Additionally, if interest rates were to rise significantly (which they have been doing recently), homeowners would likely see their home values decline as well.