78371, Oilton, TX

Home Equity and Home Prices in the 78371 Zip Code of Oilton, TX

There are a number of factors that affect home equity and home prices. Some of these include the current market conditions, interest rates, local economic conditions, and the location of the property. In general, home equity is the difference between what a homeowner owes on their mortgage and what their home is worth. Home prices are determined by a number of factors including location, size, condition, amenities, and recent sales trends.

According to Zillow®, as of September 2018 the median home value in Oilton was $205,200. This represents an increase of 2% from September 2017. The median list price for homes in this zip code was $209,900 as of September 2018 which is also up 2% from September 2017. Over the past year there has been an increase in both home equity (up 3%) and home prices (up 2%). This suggests that although there may be some localized volatility within certain markets due to political or economic events happening outside of Oilton itself; overall there seems to be stability within both values over time.

When looking at specific neighborhoods within Oilton it appears that areas near major highways or commercial areas have seen higher values than those located closer to residential neighborhoods. However even among these different areas there does not seem to be any clear trend as to which ones are seeing more growth or appreciation over time.

The 78371 zip code has a population of around 16000 people according to census data so it is not surprising that there is variability in both values andhome equity among individual properties within this area. However overall it does appear that stability exists with respect to both values andhome prices over time which should provide some relief for homeowners who may be feeling anxious about current market conditions