78057, Moore, TX

Moore, TX is located in Williamson County and has a population of over 79,000. The 78057 zip code has a median home value of $205,000 and a median household income of $75,000. Home equity is an important part of the American Dream for many people, and homeownership is considered one of the key components to achieving that dream. In Moore, TX the percentage of households that own their homes outright is above the national average (77%), while the percentage that are owner-occupied is also above average (68%). These high rates of homeownership are likely due to Moore's strong economy and low unemployment rate.

Home prices in Moore have been increasing at a faster rate than inflation since 2007. Over this time period the median home value has increased by 66%, while the Consumer Price Index (CPI) has only increased by 34%. This discrepancy can be partially attributed to the fact that housing values are not directly linked to inflation like other goods and services. Instead, they are based on factors such as demand and supply. Since there is more demand for homes in Moore than there are available units, prices have been able to increase faster than CPI levels would suggest.

Despite these high rates of home price growth, Moore still ranks below average when it comes to homeownership rates compared to other cities in Texas. For example, Austin has a homeownership rate of 73%, while Dallas has a rate of 81%. This indicates that there may still be room for improvement in terms of housing affordability in Moore relative to other areas within Texas. One potential solution could be stricter regulation on mortgage lending practices or increasing availability of affordable housing units within the city limits.