77584, Pearland, TX

The Pearland, TX 77584 zip code has a population of around 207,000 people and is located in the Houston metropolitan area. The median home value in the 77584 zip code is $192,500 which is about 2.5 times the national median home value of $117,700. Pearland's home equity to GDP ratio is about 3.4 which is above the national average of 2.4 but below the state average of 3.8.

There are a number of factors that may contribute to Pearland's high home equity to GDP ratio including its relatively low rate of homeownership (63% compared to the national average of 69%), its high level of education attainment (more than 80% of residents have at least a bachelor's degree), and its relatively low poverty rate (10% compared to 17% for Texas). Additionally, Pearland has seen strong growth over the past several years and its housing market appears to be continuing to strengthen; this may help explain why Pearland's home equity to GDP ratio is higher than it would be if growth rates were lower or if more homes were being sold in foreclosure or at a discount.

Despite these positive factors, there are some indications that Pearland's high home equity to GDP ratio may not be sustainable; for example, there has been an increase in interest rates over recent years which could make it more difficult for residents to borrow against their homes and pay off debtors or make additional purchases on their homes. Additionally, although housing prices have continued to rise in Pearland over the past few years, they appear likely to plateau or decline in future years as demand from buyers outstrips available supply. In any case, it will be important for policymakers and researchers interested in understanding housing markets across Americato continue monitoring Pearland's performance over time as well as other nearby areas with similar characteristics