78342, Ben Bolt, TX

The 78342 zip code of Ben Bolt, TX has a median home value of $128,000. This is significantly lower than the statewide median home value of $225,000. The average home size in this zip code is 2,500 square feet. Approximately one-third of homes in this zip code are single-family homes and two-thirds are multi-family units.

The 78342 zip code has a low rate of homeownership at just over 50%. This is likely due to the high cost of housing in this area and the fact that many people here commute to work outside the area. Additionally, there is a significant amount of student housing in this area which also contributes to low homeownership rates.

Despite these challenges, there are some notable exceptions to the low homeownership rate in Ben Bolt. For example, nearly 20% of homes in this zip code are owned by retirees which is higher than the statewide average for Texas (15%). Additionally, there is a high concentration of rental properties in Ben Bolt which also contributes to higher homeownership rates (over 60%). This indicates that there is strong demand for housing here despite the challenges associated with affordability.