77414, Bay City, TX

The Bay City, TX 77414 zip code has a population of around 25,000 people and is located in the southeast corner of the Houston metropolitan area. The median home value in this zip code is $142,500 which is about average for the Houston metro area. The home equity rate in this zip code is around 10%, which is lower than the Houston metro area as a whole (around 12%). There are a number of factors that could contribute to this difference including location and market conditions.

One reason that home equity rates may be lower in Bay City than elsewhere in the Houston metro area may be due to its location. Bay City is located on the outskirts of Houston and it tends to have lower prices than areas closer to downtown. Additionally, there are a number of affordable housing options available in Bay City which could help keep prices down for buyers.

Another factor that could contribute to lower home equity rates in Bay City may be market conditions. While there are a number of homes for sale in Bay City, demand may be higher elsewhere in the Houston metro area due to strong economic growth over recent years. This could lead to more competition for homes and thus higher home equity rates.