78593, Santa Rosa, TX

Home Equity and Home Prices in the 78593 Zip Code of Santa Rosa, TX

The 78593 zip code of Santa Rosa, TX has a median home value of $236,000. This is higher than the statewide median home value of $205,600. The zip code also has a lower than average rate of home foreclosure at 2.4%. This means that there are more homes that are currently in good condition and have not been foreclosed on than average in Texas.

In addition to having a higher median home value, the 78593 zip code also has a higher rate of homeownership at 87%. This is above the statewide homeownership rate of 74%. It is also worth noting that this zip code has a lower rate of rentership at 22% compared to the statewide rentership rate of 27%.

One reason why homeownership rates are so important is because they indicate how committed people are to their homes. When more people own their homes, it creates stability in neighborhoods and reduces crime rates. In addition, when more people own their homes, it leads to increased economic growth as businesses can rely on long-term customer base.

Overall, it appears that the residents of the 78593 zip code are very committed to their homes and property values therein. This indicates that there may be potential for long-term growth in this area if current trends continue.