78598, Port Mansfield, TX

Home Equity and Home Prices in the 78598 Zip Code of Port Mansfield, TX

There is no doubt that home equity is one of the most important assets a person can have. Not only does it provide a cushion against unexpected financial setbacks, but it also provides an important source of retirement income. In addition, home equity can be used to purchase other assets, such as cars or boats.

According to Zillow, the median home value in the 78598 zip code of Port Mansfield, TX was $137,200 in January 2018. This figure has increased by 5.5% over the past year and by 11% over the past five years. Given these impressive figures, it is clear that home prices in this area are continuing to rise rapidly.

However, there are some caveats to consider when assessing home equity values in this area. For example, although Port Mansfield is located in a relatively affluent region of Texas (according to The Daily Review’s 2018 Quality-of-Life Rankings), there are also a number of affordable homes available for sale here. Additionally, although home prices have been rising rapidly in recent years, they may not continue doing so indefinitely – especially if interest rates begin to rise again from their current low levels.