78622, Fentress, TX

The Fentress, TX zip code 78622 has a population of about 2,000 people. The median household income in this zip code is $41,500. The median home value in this zip code is $135,000. Home equity and home prices are important factors to consider when looking at purchasing a home.

Home equity is the difference between the market value of a home and the amount of money that a homeowner owes on their mortgage or loan. Home prices are important because they reflect how much demand there is for homes in a given area. When there is strong demand for homes, prices will rise and when there is weak demand for homes, prices will fall.

In the 78622 zip code, there has been strong demand for homes over the past few years. This has led to an increase in home equity values in this area. In fact, according to Zillow’s recent report on ZIP codes with high home values (ZIP Code® data as of 4/1/2018), the 78622 zip code ranks #1 on their list of ZIP codes with highest average home values across all counties in Texas! This indicates that there are many people interested in purchasing or living in homes in this area.

On the other hand, there has been weak demand for homes over the past few years which has led to a decrease in home equity values in this area. In fact, according to Zillow’s recent report on ZIP codes with low home values (ZIP Code® data as of 4/1/2018), the 78622 zip code ranks #5 on their list of ZIP codes with lowest average home values across all counties in Texas! This indicates that there are many people interested in purchasing or living in homes in this area but fewer people willing to pay high prices for these properties.