76513, Belton, TX

Belton, TX is located in Williamson County and has a population of around 36,000. The median household income in the zip code is $87,500 and the median home value is $217,500. Home equity in Belton has been on the rise for the past few years and there are many reasons why this may be the case.

One reason that home equity has been on the rise in Belton is that there are a lot of people who have been able to get their homes refinanced. This was not always possible a few years ago, but now it is becoming more common because interest rates have been low for quite some time. Additionally, Belton residents have had a lot of success with using home equity loans to purchase new homes. This means that they can use their home equity to buy a house that is closer to their current residence or even buy a brand new house if they can afford it.

Another reason that home equity has been on the rise in Belton is that there are more people who are able to get mortgages than ever before. Many people who were unable to get mortgages several years ago now have access to them thanks to low interest rates and stricter lending standards. This means that homeownership opportunities are available to more people than ever before, which helps drive up home values.

Overall, it seems clear that rising home values in Belton are due largely to factors like low interest rates and increased access to mortgages. These factors make it easier for residents to borrow money and invest their money into their homes, which leads to an increase in property values over time.