77465, Palacios, TX

The Palacios zip code 77465 has a population of around 10,000 people and is located in the southwestern part of the state. The median household income in this area is around $50,000, which is lower than the statewide median of $60,000. However, home prices in this zip code are much higher than the statewide median. In fact, as of March 2018, the median home value in Palacios was $269,500. This is more than double the statewide median home value of $130,000.

One reason for this high home value is that there are a lot of affluent residents in this zip code. According to Zillow’s analysis of census data from 2016, over half (53%) of households in Palacios have an annual income above $100,000. This high concentration of wealth has led to a high demand for homes in this area and has driven up prices accordingly.

Another factor that has contributed to the high home values in Palacios are low interest rates. As of March 2018, the average interest rate on a 30-year fixed-rate mortgage was just 3%. This makes it relatively easy for people who want to buy a house to do so without having to worry about paying high interest rates.

Despite these factors contributing to the high home values in Palacios, there are some risks associated with buying a house here. For example, if there is an economic downturn or another housing market crash that causes people's incomes to decline or their jobs to be eliminated altogether, they may find it difficult to afford their homes anymore. Additionally, if someone wants to sell their house soon after buying it (for example because they are moving out of town), they may face difficulty finding someone willing to buy it at its current price tag