78217, San Antonio, TX

Home Equity and Home Prices in the 78217 Zip Code of San Antonio, TX

The home equity and home prices in the 78217 zip code of San Antonio, TX are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, approximately 68% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 43%.

One reason for this high level of home equity and home prices in the 78217 zip code of San Antonio, TX may be due to its strong economy. The unemployment rate here is only 4%, which is much lower than the national average unemployment rate of 6%. Additionally, wages are also relatively high here compared to other areas across the country. This may help to contribute to a higher level of homeownership and property values.

However, despite these positive factors, there are some risks associated with owning a home in the 78217 zip code of San Antonio, TX. One risk is that interest rates could rise over time and make it harder for people to afford their homes. Another risk is that a housing market crash could occur and cause people’s homes to lose value rapidly. However, overall it appears that homeownership and property values in this area remain very high relative to other parts of the country.