77597, Wallisville, TX

The Wallisville, TX 77597 zip code has a population of about 10,000 people. The median household income in the zip code is $72,500. The median home value in the zip code is $185,000. There are about 2,600 homes in the zip code that are currently for sale.

Home equity and home prices have been on the rise in Wallisville over the past few years. In 2016, there were 1,847 homes for sale in the zip code. As of May 2017 there were 2,609 homes for sale in the zip code. This represents an increase of about 24%. Over the past year alone, home values have increased by about 18%.

One reason that home values have been increasing so rapidly in Wallisville is because of low interest rates and strong demand from buyers. Low interest rates make it easier for people to borrow money to buy a home and also make it more affordable for people to pay off their mortgages faster. Strong demand from buyers means that there are a lot of houses available for sale and that prices can go up quickly if no one buys a house soon enough.

There are some risks associated with buying a house in Wallisville right now though. There could be a housing market crash later on if interest rates go up or if more people decide to sell their houses than buy them. Additionally, there could be another recession later on which would lead to even more people selling their houses and lower prices overall.