Zip Code:
78516 is a Texas Zip code within the city of Alamo and the county of Hidalgo County. Its population is roughly 34,990.
The home equity and home prices in the 78516 zip code of Alamo, TX are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $123,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is extremely high at almost 60%. This indicates that there are a lot of wealthy people living in this area and that they are willing to pay a high price for property.
One reason why the home values in this zip code are so high is because there is a lot of available land here. Alamo is located on the outskirts of San Antonio and it has been growing rapidly over the past few years. This means that there are plenty of new homes being built here and they tend to be expensive. Additionally, Alamo has a strong economy and it has been doing well since the recession ended in 2009. This means that there are plenty of people who can afford to buy property here and they don't need to worry about inflation eating away at their savings.
Overall, it seems like the home equity and home prices in the 78516 zip code of Alamo, TX are very high because there is a lot of demand for property here. There is also a lot of available land so homeowners can get more money for their house than if they lived somewhere else in San Antonio or Texas.
Price Index: McAllen-Edinburg-Mission, TX
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
78577 | 78,103 | 949.5 | America/Chicago | 26.15047 | -98.19104 | Pharr | Hidalgo County | Texas |
78537 | 48,072 | 297.1 | America/Chicago | 26.16192 | -98.05669 | Donna | Hidalgo County | Texas |
78589 | 41,291 | 767 | America/Chicago | 26.16789 | -98.15483 | San Juan | Hidalgo County | Texas |