76701, Waco, TX

The Waco, TX home equity and home prices are very high when compared to other zip codes in the area. The median home value in the 76701 zip code is $215,000, which is more than double the median home value of $93,000 for all of Waco. Additionally, the 76701 zip code has a homeownership rate of 84%, which is much higher than the homeownership rate of 54% for all of Waco. This indicates that there are a lot of homes in this zip code that are owned by individuals or families.

One reason why the home equity and home prices in the 76701 zip code are so high is because there is a lot of demand for homes in this area. The population density in this zip code is only 2 people per square mile, which is much lower than the population density of 9 people per square mile for all of Waco. This means that there are a lot fewer homes available for purchase or rent in this area than there are elsewhere in Waco. Additionally, many people who live in the 76701 zip code commute to work outside of Waco. Therefore, they do not have access to many jobs within walking distance from their homes. As a result, they are more likely to be interested in purchasing or renting a home rather than staying living with roommates or family members.

Another reason why the home equity and home prices in the 76701 zip code are so high is because there is a lot of money available to invest into real estate here. The unemployment rate for Waco was 3% as of December 2016, which was lower than both the unemployment rate (4%) and job growth (1%) rates for all of Texas as well as all but one U.S. state as measured by The Wall Street Journal.[1] This indicates that there are plenty of people who can afford to invest money into buying or renting homes here even if they do not have access to jobs within walking distance from their homes