77506, Pasadena, TX

The 77506 zip code of Pasadena, TX has a median home value of $269,000 and a median home equity value of $135,000. The average home size in this zip code is 2,811 square feet. This zip code has a population of about 97,000 people and an unemployment rate of about 5%.

There are many factors that contribute to the high home values in the 77506 zip code of Pasadena. First and foremost is the fact that this area is very affluent. It has a high concentration of wealthy residents who are able to afford to buy homes at high prices. Additionally, the area is well-maintained and has few crime problems. These factors have led to a sustained demand for homes in this zip code which has helped to drive up prices over time.

Despite these positive factors, there are some challenges facing homeowners in the 77506 zip code. One issue is that interest rates have been relatively low for much of the past decade which has made it difficult for people to get loans for larger purchases such as homes. Additionally, there is increasing competition from other areas within Texas and across the country for housing stock which may lead to lower prices in the future if current trends continue.