78050, Leming, TX

The 78050 zip code of Leming, TX has a median home value of $128,000 and a median home equity value of $112,000. This is significantly lower than the national median home value of $217,500 and the national median home equity value of $142,700. The 78050 zip code also has a significantly lower homeownership rate than the national homeownership rate of 63%.

There are several factors that may contribute to the low home values in the 78050 zip code. First, Leming is located in an economically depressed area of Texas. Second, there are a large number of vacant or abandoned homes in the area which may be contributing to decreased demand for housing. Third, many residents may be unable to afford to purchase or maintain homes in this area due to low incomes or high debt loads. Finally, there is a lack of available financing options for purchasing or upgrading homes in this area which could be limiting potential buyers' access to affordable housing.