76862, Millersview, TX

Home Equity and Home Prices in the 76862 Zip Code of Millersview, TX

Millersview is located in the 76862 zip code. According to the 2016 American Community Survey, the median home value in this zip code is $137,200. The average home value in this zip code has increased by over $10,000 since 2006. In addition, there are currently over 1,100 homes for sale in this zip code. This indicates that there is a high demand for housing in this area.

The reason why home values have increased so much in the 76862 zip code is because of strong economic growth and low interest rates. Over the past few years, Millersview has seen a lot of new businesses and jobs come online. This has led to an increase in population and consequently an increase in demand for housing. Additionally, Millersview has been designated as a desirable location to live due to its close proximity to major cities such as Austin and San Antonio as well as its many recreational opportunities such as hiking trails and lakes.

Despite these positive factors, there are some risks associated with buying or owning a home in the 76862 zip code. For example, if you are not able to qualify for a mortgage due to your credit score or if you lose your job then you may be unable to afford your house anymore. Additionally, prices can go down unexpectedly which could lead to a loss of equity on your property