78379, Riviera, TX

Riviera, TX is located in the 78379 zip code. According to the 2016 American Community Survey, the median household income in this zip code is $73,912. The median home value is $236,500. Home equity and home prices have been on the rise in this area for a few years now. In fact, according to Zillow’s analysis of data from February 2017 through January 2018, Riviera’s home equity increased by 5.5% and its home prices increased by 4%.

There are a few reasons why home equity and home prices have been on the rise in Riviera over the past few years. First of all, Riviera has seen an influx of new residents over the past few years. This has led to an increase in demand for housing and consequently an increase in home values. Additionally, Riviera has seen strong economic growth over the past few years which has led to an increase in job opportunities and wages. As a result of these factors, many people who were looking to buy or invest in homes have chosen to do so in Riviera over other areas of Texas or even other parts of the country.

Despite these positive trends, there are some risks associated with buying or investing in homes in Riviera right now. For example, there is a possibility that interest rates could go up which would lead to a decrease in home values (although this seems unlikely at present). Additionally, there is always a risk that something could happen that would cause the economy to decline which would lead to decreased demand for housing and consequently decreased home values (this also seems unlikely at present). Overall though, it seems likely that both home equity and home prices will continue to rise gradually but steadily in Riviera over the next several years