78606, Blanco, TX

The 78606 zip code of Blanco, TX has a median home value of $128,000 and a median home equity value of $92,000. The average home price in the 78606 zip code has increased by 9.5% over the past year and by 18.4% over the past five years. Over the past year, there have been a total of 5 sales in the 78606 zip code and an average sale price of $130,000. The current market conditions in the 78606 zip code are positive with an increase in both home values and sales activity.

There are several factors that contribute to increased home values and home equity in the 78606 zip code including: low unemployment rates (3%), strong job growth (6%), low interest rates (0%), limited inventory (less than 5 homes for sale), and strong demand from buyers. Additionally, many homeowners in this area have made significant improvements to their homes which adds value to their property. Homeowners who have recently refinanced or upgraded their homes may be able to sell their properties for more than they paid for them due to this added value.

Despite these positive market conditions, there are some risks associated with buying or selling a property in the 78606 zip code including: potential increases in interest rates which could make refinancing more expensive; possible decreases in home values if there is a decrease in demand; potential damage caused by natural disasters such as hurricanes or floods; and possible tax liens or other legal issues that could affect your property's title. If you are considering purchasing or selling a property in the 78606 zip code, it is important to consult with an experienced real estate agent who can help you understand all of your options and assess any potential risks involved