76849, Junction, TX

The 76849 zip code of Junction, TX has a median home value of $137,000 and a median home equity value of $128,000. The average home price in the 76849 zip code has increased by 5.5% over the past year and is projected to increase by another 7.4% in the next year. The 76849 zip code is one of the most affordable zip codes in Texas with a median home value that is only 2% higher than the state median home value.

Junction, TX is located in Williamson County which has one of the lowest unemployment rates in Texas at 3%. The city of Junction has seen an influx of new residents due to its low cost of living and excellent schools. There are currently over 1,500 homes for sale in the 76849 zip code which indicates that there is strong demand for housing in this area.

The main drivers behind the increase in home values are strong economic growth and low interest rates. Economic growth has led to an increase in jobs and wages which have contributed to an increase in household income and consequently an increase in house prices. Low interest rates have also helped to drive up house prices as they make it more affordable for buyers to purchase homes compared to previous years.