77550, Galveston, TX

The Galveston, TX 77550 zip code has a population of about 102,000 people. The median household income in the 77550 zip code is $64,000. The median home value in the 77550 zip code is $225,000. Home equity and home prices have been on the rise in Galveston, TX over the past few years.

In 2013, home equity and home prices were both increasing rapidly in Galveston. In fact, according to Zillow’s Home Value Index for ZIP Codes within 100 miles of Houston (ZIP Code 77092), Galveston had the third-highest increase in home values between 2012 and 2013. Between January 2014 and January 2015 alone, Galveston’s home values increased by 6%.

According to Trulia’s analysis of recent sales data from ZIP Codes within 100 miles of Houston (ZIP Code 77092), there has been an increase in demand for homes in Galveston over the past few years. In fact, between July 2014 and July 2015 there was an 18% increase in homes sold within a 5-mile radius of Galveston compared to the same period a year earlier. This suggests that there are plenty of potential buyers interested in purchasing homes in Galveston right now.

It is likely that this trend will continue into 2016 as well – especially given that interest rates are still relatively low compared to historical norms. In addition, with more jobs being created throughout Texas recently – including many positions located near Galveston – it is likely that more people will be looking to purchase homes here in the near future.