78582, Rio Grande City, TX

Rio Grande City, TX is located in the 78582 zip code. According to the 2010 census, the population of Rio Grande City was 9,816. The median household income in Rio Grande City was $41,711. Home equity and home prices in the 78582 zip code are important factors to consider when evaluating a potential home purchase or investment.

According to Zillow, as of March 2016, the median home value in the 78582 zip code was $101,000. This is lower than the statewide median home value of $205,700 and lower than both the national median home value of $177,200 and the regional median home value of $128,100. Despite this fact, there has been an increase in home values over time; as of March 2016 there had been a cumulative increase of 16% since 2013. This indicates that there is potential for further appreciation in this area over time.

The average monthly mortgage payment for homes within the 78582 zip code was $1,521 as of March 2016. This is lower than both statewide average mortgage payments ($1,827) and national average mortgage payments ($2191). Additionally, according to Zillow's analysis of data from Trulia's "Mortgage Calculator", homeowners within this zip code have an estimated monthly mortgage payment that is below their 30-year fixed-rate loan's interest rate by 0%. This indicates that homeownership opportunities may be available in this area at reasonable rates given current market conditions.