78118, Karnes City, TX

The 78118 zip code of Karnes City, TX has a median home value of $101,000 and a median home equity value of $128,000. The homeownership rate in the 78118 zip code is 66.7%, which is lower than the statewide homeownership rate of 73.4%. The percentage of households that own their homes outright is lower in the 78118 zip code than the statewide average of 63.5%. The percentage of households that are renters is higher in the 78118 zip code than the statewide average of 33.9%.

The 78118 zip code has a lower homeownership rate and a higher percentage of renters than the statewide averages because it has a higher population density. In addition, there are more families with children living in the 78118 zip code than in the statewide average. These factors combine to make it more difficult for people to buy homes outright or to become homeowners through traditional means such as inheritance or purchasing an existing home.

Despite these challenges, there are still many opportunities for people who want to buy or rent homes in Karnes City, TX. There are many affordable homes available on the market that would be perfect for someone looking to purchase their first home or to downsize from their current home. Additionally, there are many properties available for rent that would be ideal for someone who wants to live in a convenient location without having to pay high rental prices.