78114, Floresville, TX

Home Equity and Home Prices in the 78114 Zip Code of Floresville, TX

The 78114 zip code of Floresville, TX has a median home value of $119,000. This is higher than the statewide median home value of $106,500. The zip code also has a median home equity value of $111,000 which is higher than the statewide median home equity value of $102,700. The 78114 zip code has a lower than average homeownership rate at just 54%. This is lower than the statewide homeownership rate of 63%. There are also more owner-occupied homes in this zip code compared to renter-occupied homes.

The main reason that the 78114 zip code has a higher median home value and home equity value is likely due to its high percentage of owner-occupied homes. In addition, this area has a low population density which allows for more land per household and thus more valuable homes. Another factor that may contribute to these high values are the limited number of available properties in this zip code. As such, there is less competition for housing stock and prices can be higher due to demand from buyers rather than supply from sellers.