77616, Fred, TX

The home equity and home prices in the 77616 zip code of Fred, TX are very high. The median home value in this zip code is $247,100, which is more than double the national median home value of $116,200. The average home value in this zip code is also significantly higher than the Texas average of $146,900. This indicates that there are a lot of homes in this zip code that are worth a lot of money.

One reason why the homes in this zip code are so valuable is because they are located near some major cities. The 77616 zip code includes parts of Austin and Houston, which are both large and popular cities. This means that there is a lot of demand for homes in this area, and as a result, the prices have been driven up significantly.

Another factor that has contributed to the high prices in this zip code is the fact that it has been growing rapidly over the past few years. The population growth rate for Fred was 9% between 2010 and 2016, which is much higher than the Texas average growth rate of 2%. This means that there are more people looking to buy or rent homes in this area now than ever before.

Overall, it seems clear that there are a lot of people who believe that homes in the 77616 zip code are worth a lot of money. This may be due to factors like high home values or rapid population growth rates, but either way it's clear that homeownership opportunities here aren't going to be plentiful anytime soon!