77702, Beaumont, TX

The 77702 zip code of Beaumont, TX has a population of around 129,000 people. The median household income in this zip code is $51,000 which is lower than the national median household income of $53,046. However, the median home value in this zip code is $197,500 which is higher than the national median home value of $183,700. This indicates that there are a lot of homes in this zip code that are worth more than the average American home.

One reason why there are so many homes in this zip code that are worth more than the average American home is because there are a lot of affluent residents living in this area. The percentage of households earning over $100,000 annually is high compared to other areas in Texas and nationwide. Additionally, the percentage of households earning over $200,000 annually is also high compared to other areas in Texas and nationwide. These affluent residents likely have a large amount of disposable income which they can use to purchase homes that are worth more than the average American home.

Another reason why there are so many homes in this zip code that are worth more than the average American home is because there is a lot of demand for these types of properties. There has been an increase in demand for luxury homes over the past few years due to factors such as inflation and low interest rates. Many affluent residents want to live near major cities but also have access to luxurious amenities such as golf courses and swimming pools. Therefore, they tend to buy luxury homes instead of regular houses or apartments located within city limits. As a result, the number of luxury homes available for sale increases relative to regular houses or apartments within city limits. This drives up prices for these types of properties and makes them more attractive to affluent buyers who want to live near major cities but have access to luxurious amenities