78108, Cibolo, TX

Home Equity and Home Prices in the 78108 Zip Code of Cibolo, TX

In the 78108 zip code of Cibolo, TX, home equity and home prices are both high. The median home value in this zip code is $236,000, which is more than double the national median home value of $106,500. Additionally, the percentage of homes with a mortgage in this zip code is lower than the national average of 57%. This indicates that many homeowners in this zip code are able to borrow against their homes to afford them.

One reason for these high home values and low mortgage rates in this zip code may be its strong economy. The unemployment rate here is only 3%, which is much lower than the national average of 5%. Additionally, Cibolo has a population that is highly educated and well-paid. These factors may contribute to higher incomes and greater access to credit.

Despite these positive factors, there are some risks associated with buying a home in this zip code. For example, there may be less competition for homes due to its high prices. Additionally, although Cibolo has a strong economy, it could experience a downturn at any time. If this happens, homeowners who have taken out mortgages on their homes could find themselves struggling to pay them off.