76650, Irene, TX

The home equity and home prices in the 76650 zip code of Irene, TX are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.4%, which is slightly below the national average of 2.7%. However, when compared to other zip codes within Texas, 76650 ranks as one of the most affordable areas for homeownership. The median home value in this area is $147,000, which is significantly lower than the statewide median of $205,000 and even lower than some other nearby zip codes such as 77336 (median home value: $209,000) and 76054 (median home value: $236,500).

One reason that homeownership rates in 76650 are so low may be due to a lack of available properties for sale. According to Zillow’s latest report on housing markets across America, there are currently only 4% more homes available for sale in Irene than there were at this time last year. This shortage has resulted in rising prices and limited availability for potential buyers. In addition to a lack of inventory, another contributing factor to high home values in this area may be its proximity to major metropolitan areas such as Dallas and Houston. Many people who live here commute into these larger cities for work each day and are likely seeking higher-priced homes near their employment centers.

Despite these factors, there are still many homeowners who would like to purchase a property within the 76650 zip code. In fact, over the past twelve months there has been an increase of 9% in sales activity within this area – indicating that there is still demand for homes here despite current market conditions. If you're interested in purchasing a property within this zip code or any other nearby areas please don't hesitate to contact our team at Keller Williams Realty! We would be happy to provide you with information on all of the current housing market trends and help you find your perfect home!