77481, Thompsons, TX

Thompsons, TX is located in Williamson County and has a population of around 25,000. The median household income in the zip code is $60,000 and the median home value is $130,000. Over the past five years, home equity values have increased by an average of 10%. In Thompsons, TX there are currently around 1,500 homes for sale and around 2,500 homes for rent.

The main reason that home equity values have increased so much in Thompsons over the past five years is because of the low interest rates that have been available. Home buyers who were able to get mortgages with low interest rates were able to use their home equity to pay off their mortgage faster than they would have been able to if they had used traditional methods such as savings or borrowing money from family and friends. Additionally, many people who bought homes in Thompsons during this time period did so using cash which also helped to increase home equity values.

While there are definitely benefits to having a high amount of home equity in your own personal life, it can also be risky if you don't know how to use it wisely. If you are not comfortable with investing your own money then it may be best to stay away from buying a house with a lot of home equity – instead try looking for houses that are more affordable without sacrificing too much quality.