76501, Temple, TX

There is no one answer to the question of how home equity and home prices are performing in the 76501 zip code of Temple, TX. Factors that can affect these values include local market conditions, interest rates, and mortgage availability.

According to Zillow, as of September 2018 the median home value in the 76501 zip code was $236,000. This is a 2% increase from September 2017 and a 5% increase from September 2016. The average home value in this area has increased by 3% over the past year.

The percentage of homes sold in the 76501 zip code that were purchased with cash has decreased over time (from 53% in December 2007 to 36% as of December 2018). This suggests that more buyers are using mortgages to purchase homes in this area. The percentage of homes sold that were purchased with a mortgage has remained relatively stable (between 54-55%) over this same period.

Interest rates have had a significant impact on home equity and home prices throughout Texas and across the United States. As of September 2018, interest rates were at 3%. This is below both the national average (4%) and the state average (3%).