78391, Tynan, TX

The 78391 zip code of Tynan, TX has a median home value of $106,000. This is higher than the statewide median home value of $97,500. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This indicates that more people in the zip code are able to borrow against their homes to purchase items or pay bills. The percentage of people who own their homes outright is also high at 84%. This indicates that there are a lot of people in the area who have equity in their homes and can use that equity to pay for other things.

One reason why the home values in this area are high is because there is a lot of demand for housing in the Tynan area. There are many families who want to live close to where they work and there are also many retirees who want to live near plenty of amenities. Additionally, Tynan is located within commuting distance of several major cities which means that businesses and jobs will continue to grow over time.

Another factor that contributes to the high home values in this area is the low number of foreclosures and short sales. This indicates that there is not a lot of competition for properties which means that buyers can afford to pay more for properties than they would if there were more competing buyers. Additionally, most people who live in this area have been here for awhile which gives them an advantage when it comes time to sell their property.