76631, Bynum, TX

The home equity and home prices in the 76631 zip code of Bynum, TX are very high. The median home value in this zip code is $269,900, which is more than double the statewide median home value of $116,200. Additionally, the percentage of homes in this zip code that are valued at over $300,000 is significantly higher than the statewide percentage of homes that are valued at over $300,000. This indicates that there is a high demand for homes in this zip code that are priced at or above the statewide median home value.

One possible explanation for why there is such a high demand for homes in the 76631 zip code is that it is located within close proximity to several affluent suburbs such as The Woodlands and Sugar Land. These suburbs have a large population of affluent residents who may be interested in purchasing a home in the 76631 zip code. Additionally, many businesses and jobs located within close proximity to this zip code also tend to be affluent. Therefore, it may not be surprising that there is a high demand for homes in this area.

Despite the high demand for homes in the 76631 zip code, it appears that prices have not reached levels where they are out of reach for most potential buyers. In fact, according to Zillow’s 2018 Home Value Index report*, only 2% of properties within this zipcode are valued at less than $100K – which is lower than both the statewide percentage (3%) and national percentage (4%). This indicates that despite being among one of Houston’s most expensive ZIP codes, there remains some opportunity for buyers who are willing to pay more than average prices for properties within this area.