78614, Cost, TX

The Cost, TX 78614 zip code has a median home value of $191,000 and a median home equity of $119,000. This is significantly lower than the national median home value of $217,500 and median home equity of $146,700. The Cost 78614 zip code also has a much lower homeownership rate than the national homeownership rate of 68.5%. In the Cost 78614 zip code, only 44% of households own their homes while 54% are renters.

There are several factors that may contribute to the low home values in the Cost 78614 zip code. One reason may be that this area is not as affluent as other parts of Texas. Additionally, there may be less demand for homes in this area because it is not as close to major metropolitan areas. Additionally, there may be fewer opportunities for people to buy or invest in homes due to high levels of unemployment and underemployment in this area.