77382, Spring, TX

Home Equity and Home Prices in the 77382 Zip Code of Spring, TX

The 77382 zip code of Spring, TX has a median home value of $146,000. This is higher than the statewide median home value of $117,500. The zip code also has a higher percentage of homes with a mortgage than the statewide average (77%). This may be due to the high demand for housing in this area or because more affluent residents are more likely to have mortgages.

The average home value in this zip code increased by 5% from 2016 to 2017. This is slower than the statewide increase of 10%. However, it is still above the national average increase of 2%.

There are several factors that could contribute to this slower growth rate for home values in this zip code. One possibility is that there may be fewer new homes being built in Spring over time, which would lead to lower demand for housing and thus lower prices. Additionally, some potential buyers may be waiting until prices become more affordable before they make an offer on a property.

Despite these fluctuations, overall home values continue to rise in most parts of Texas and across the United States as a whole. If you are looking for an area where prices are relatively stable or increasing modestly but steadily, then you may want to consider purchasing a property in the 77382 zip code.