76904, San Angelo, TX

The San Angelo, TX 76904 zip code has a population of around 116,000 people and is located in the Midland area. The median home value in the zip code is $144,900 which is above the national median home value of $123,600. The percentage of homes that are owner-occupied is around 68% while the percentage of homes that are rented is around 32%.

The San Angelo, TX 76904 zip code has a high rate of home equity growth relative to other areas in Texas. Between 2009 and 2016, the average annual growth rate for home equity was 10.4%. This high rate of growth indicates that many homeowners in this area have been able to increase their net worth by purchasing their homes outright or through refinancing. In addition, there has been an increase in sales of single-family homes over the past few years as well as an increase in condo and townhome sales. This indicates that there is strong demand for housing within this zip code.

Despite these positive trends, there are some risks associated with buying or owning a home in the San Angelo, TX 76904 zip code. One risk is that interest rates could rise over time which would make it more difficult for homeowners to repay their loans. Another risk is that prices could decline due to economic factors such as a recession or a housing market crash. Despite these risks, overall it appears that homeownership remains a valuable investment option within this area