78144, Panna Maria, TX

Home Equity and Home Prices in the 78144 Zip Code of Panna Maria, TX

The 78144 zip code of Panna Maria, TX has a median home value of $128,000. This is higher than the statewide median home value of $106,500. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is lower than the statewide percentage of homeowners with mortgages at 71%. The 78144 zip code has a higher percentage of homeowners who have equity in their homes at 86%. This is higher than the statewide percentage of homeowners who have equity in their homes at 80%.

There are several factors that may contribute to the high home values and low mortgage rates in the 78144 zip code. These include: a low rate environment overall, strong job growth over recent years, and low interest rates on adjustable-rate mortgages (ARMs). Additionally, many residents may be able to afford larger homes due to strong equity levels in their homes. Finally, there is limited competition for housing stock in this area due to its remote location.