76597, Gatesville, TX

The Gatesville, TX 76597 zip code has a population of around 9,000 people. The median household income in the zip code is $72,000. The home equity and home prices in the Gatesville zip code are both relatively high. As of September 2017, the median home value in the Gatesville zip code was $217,500. This is higher than the Texas median home value of $161,200. Additionally, the percentage of homes with a mortgage in the Gatesville zip code is lower than the statewide average of 63%. This suggests that there are more homes available for purchase or rent in the Gatesville zip code than elsewhere in Texas.

One reason that homes are more expensive in the Gatesville zip code than elsewhere in Texas may be due to its low unemployment rate. As of September 2017, unemployment rates were below 3% for both men and women in the Gatesville zip code. Additionally, there are many businesses located within walking distance of homes in this area which may contribute to higher incomes and increased demand for housing.