78045, Laredo, TX

Home Equity and Home Prices in the 78045 Zip Code of Laredo, TX

The 78045 zip code of Laredo, TX has a median home value of $137,000. This is higher than the statewide median home value of $106,500. The 78045 zip code also has a higher than average percentage of homes with equity (77%). This indicates that homeowners in this area are more likely to have some form of savings or equity in their homes.

When looking at home prices over time, it is interesting to note that the average price for homes in the 78045 zip code has increased by 10%. This is slightly lower than the statewide increase of 11%. However, when looking at specific neighborhoods within the 78045 zip code, there are a variety of prices and trends. For example, neighborhoods near I-10 and US 281 have seen larger increases in home values than other areas within the zip code.

Overall, it appears that homeownership rates and home equity levels are high in the 78045 zip code. This may be due to factors such as low interest rates and strong economic growth over recent years.