77880, Washington, TX

Home Equity and Home Prices in the 77880 Zip Code of Washington, TX

The home equity and home prices in the 77880 zip code of Washington, TX are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $103,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. Nearly half (47%) of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of just over 30%.

One reason for this high level of home equity and home prices may be that there are a lot of wealthy people living in this zip code. The percentage of adults with a household income over $100,000 is nearly twice as high as the national average (41% vs. 18%). Additionally, there are a lot of well-paid jobs located here too. The unemployment rate here is just 2%, which is much lower than the national average unemployment rate of 6%. This means that there is a lot of demand for housing here and wealthy people can afford to buy more expensive homes.

Another reason for the high level of home equity and home prices may be that there has been a lotof growthinthiszipcodeoverthepastfewyears. Between 2010 and 2015,thepopulationinthiszipcode grew by 10%, which was fasterthanthenationalaverageof7%. This growth has led to an increase in demand for housing and increased prices for properties.