76704, Waco, TX

Home Equity and Home Prices in the 76704 Zip Code of Waco, TX

The home equity and home prices in the 76704 zip code of Waco, TX are very high. The median home value in this zip code is $236,000, which is more than double the national median home value of $116,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, 44% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 27%.

One reason for this high level of home equity and home prices in the 76704 zip code is likely due to its strong economy. The unemployment rate here is only 3%, which is much lower than the national average unemployment rate of 6%. Additionally, wages here are relatively high compared to other areas across the country. As a result, it seems likely that many people who live in this zip code have been able to achieve significant wealth growth over time.

While there are many reasons why homes values and home equity rates are so high in the 76704 zip code of Waco, TX, one important factor may be its location. This area has long been known for its strong economy and low unemployment rates. Additionally, it has access to a large number of jobs and businesses throughout Central Texas. As a result, it seems likely that many people who live here have been able to achieve significant wealth growth over time.