78368, Mathis, TX

Mathis, TX is located in Williamson County and has a population of around 9,000. The median household income in the 78368 zip code is $60,000. Home prices in the 78368 zip code have increased significantly over the past few years, reaching an all-time high of $225,000 in 2017. This has led to a significant increase in home equity for residents of Mathis. As of September 2018, the average home equity ratio for residents of Mathis was 97%. This means that 97% of residents' homes are worth more than their original purchase price.

The main drivers behind this increase in home values are likely strong economic conditions and low interest rates. Mathis is located within close proximity to several major metropolitan areas (Dallas/Fort Worth, Austin, Houston), which has helped to attract new businesses and workers. Additionally, Williamson County is one of the most affluent counties in Texas and has a strong economy overall. These factors have contributed to rising home values throughout the county and in particular within Mathis.

Despite these positive trends, there are some risks associated with high home values that should be considered by homeowners living in Mathis. First and foremost is the fact that if interest rates rise or economic conditions weaken future prices could fall significantly below current levels. Additionally, if someone wants to sell their home they may face difficulty doing so due to inflated prices relative to market value. Finally, while it's unlikely that Mathis will experience any major housing crashes like those seen elsewhere across the country over recent years it's still important for homeowners to maintain an understanding of their mortgage obligations and ensure they have adequate insurance coverage against potential losses