77960, Fannin, TX

The home equity and home prices in the 77960 zip code of Fannin, TX are relatively high when compared to other areas of the country. The median home value in this zip code is $158,000, which is significantly higher than the national median home value of $130,000. Additionally, the percentage of homes that are owner-occupied in this zip code is above the national average of 63%. This indicates that many people in this area are able to afford a home and have a good credit score.

One reason why the home equity and home prices in this zip code are high is because there is a large number of affluent residents living here. The percentage of households earning over $100,000 per year is above the national average of 28%. Additionally, there are a number of large corporations located in this area, which has led to an increase in jobs and income. As a result, many people who live in this zip code can afford to buy a house even if they don't have excellent credit scores.

Despite these positive factors, there are some risks associated with buying a house in this area. For example, there has been an increase in crime rates over recent years, which could make it difficult for buyers to secure financing or sell their homes if they need to move. Additionally, interest rates on mortgages have been rising recently due to concerns about inflationary pressures worldwide. If you're thinking about buying a house in this area be sure to consult with an experienced real estate agent who can help you assess your specific situation