76648, Hubbard, TX

Hubbard, TX is located in Williamson County and has a population of about 10,000. The median household income in Hubbard is $86,500 and the median home value is $212,000. Approximately 60% of homes in Hubbard are owner-occupied while the remaining 40% are rented. Home equity in Hubbard peaked at $269,000 in 2007 but has since decreased to $215,000 as of 2016.

The average home price growth rate for Hubbard from 2011-2016 was 2%. This growth rate is lower than the statewide average of 5%. The main reasons for this slower growth rate may be due to stricter lending criteria imposed by the Federal Reserve or a lack of available inventory due to low interest rates.

Despite these challenges, there have been some notable exceptions to the general trend. In 2015 and 2016, home prices increased by 7% and 9%, respectively. This uptick likely reflects increased demand due to low interest rates and limited supply caused by stricter lending criteria.

Overall, despite recent challenges faced by homeownership in Hubbard, there appears to be a general trend towards increasing home values over time.