78123, McQueeney, TX

Home Equity and Home Prices in the 78123 Zip Code of McQueeney, TX

The 78123 zip code of McQueeney, TX has a median home value of $128,000. This is higher than the statewide median home value of $119,500. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This indicates that most homeowners in this zip code are able to borrow against their homes equity.

The average home price in the 78123 zip code increased by 7% from 2017 to 2018. This is slower than the statewide increase of 10%. The main driver for this increase was the market saturation in Austin and surrounding areas which caused prices to rise more rapidly than other areas in Texas.

There are currently 122 homes for sale in the 78123 zip code. This is below the statewide average of 159 homes for sale and indicates that there may be less demand for housing in this area.

The unemployment rate in McQueeney is 3%, which is lower than both the statewide unemployment rate (4%) and the national unemployment rate (5%). This indicates that there may be some opportunities available for those looking to purchase or rent a home in this area.