78578, Port Isabel, TX

Home Equity and Home Prices in the 78578 Zip Code of Port Isabel, TX

The 78578 zip code of Port Isabel, TX has a median home value of $162,000. This is higher than the statewide median home value of $151,200. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This indicates that more homeowners in this zip code are able to borrow against their homes to finance their purchase.

The average home price in the 78578 zip code increased by 8% from 2016 to 2017. This is slower than the statewide increase of 12%. However, it is still above the national average increase of 3%.

There are several factors that could be contributing to this slower growth rate for home prices in the 78578 zip code. One possibility is that there may be less demand for homes due to low interest rates and an improving economy. Another possibility is that some buyers may be waiting for more affordable prices before making a purchase. Regardless of the reason, it seems likely that prices will continue to rise over time as long as there is continued demand and limited supply.