78009, Castroville, TX

Castroville, TX is located in the 78009 zip code. According to the 2010 census, the population of Castroville was 9,527. The median household income in Castroville was $60,848. Home equity and home prices in Castroville are important factors to consider when evaluating a potential home purchase or investment.

Home equity is the difference between a homeowner's total assets and their outstanding mortgage debt. In Castroville, home equity averaged $128,000 as of March 2016. This means that homeowners had an average of $128,000 left over after paying off their mortgages and other debts. Home prices in Castroville have also been increasing over time. As of March 2016, the median home price in Castroville was $183,500. This means that half of all homes in Castroville were worth more than this amount.

There are several reasons why home prices might be increasing in Castroville. First, there is a low supply of homes available for sale compared to demand from buyers. Second, many homeowners have been able to refinance their mortgages at lower interest rates over the past few years thanks to low interest rates on government loans and bonds as well as low inflation rates overall (which makes fixed-income investments such as mortgages more stable). Finally, many people who live in Castroville are likely wealthy enough that they do not need to worry about making too much money off their homes – they can simply enjoy living in them!