78046, Laredo, TX

Home Equity and Home Prices in the 78046 Zip Code of Laredo, TX

The 78046 zip code of Laredo, TX has a median home value of $119,000 and a median home equity value of $101,000. This is higher than the statewide median home value of $105,800 and the national median home equity value of $106,200. The 78046 zip code also has a high rate of homeownership at 73%. This is higher than the statewide homeownership rate of 67% and the national homeownership rate of 63%.

There are several factors that may contribute to these high rates of homeownership in the 78046 zip code. One reason may be that Laredo is a relatively affordable city compared to other cities in Texas. Additionally, Laredo has a low unemployment rate which may make it more attractive for people to buy homes. Finally, Laredo has had strong economic growth over the past few years which may have led to increased demand for homes.

Despite these positive factors, there are some challenges facing homeowners in the 78046 zip code. One challenge is that interest rates have been relatively low over the past few years which may have made it difficult for people to afford mortgages on new homes or refinancing their existing homes. Another challenge is that there is a limited supply of housing available in the 78046 zip code which may lead to increased prices when homes do become available for sale.