76634, Clifton, TX

The home equity and home prices in the 76634 zip code of Clifton, TX are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $102,500. Additionally, the percentage of homes in this zip code that are owned outright is significantly higher than the national average of 57%. This suggests that there are a lot of people in this zip code who are able to afford to buy a home outright.

Another indicator of how well-off people in the 76634 zip code are is their level of debt. The percentage of households in this zip code that have mortgage debt is above the national average but below the Texas average. This suggests that most people in this zipcode are able to afford their homes without having to take on a lot of debt.

Despite these high levels of wealth and prosperity, there may be some challenges ahead for people living in the 76634 zip code. For one thing, there is a high level of unemployment here – currently at 8%. This could lead to difficulty finding a job or paying off debts, which would reduce people's wealth and prosperity somewhat. Additionally, although housing prices have been rising rapidly over recent years, they may not continue doing so indefinitely. If interest rates were to rise or if other economic factors changed dramatically, it could lead to a decrease in house values within the 76634 zip code.