78624, Fredericksburg, TX

Home Equity and Home Prices in the 78624 Zip Code of Fredericksburg, TX

The home equity and home prices in the 78624 zip code of Fredericksburg, TX are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $106,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, approximately 84% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 53%.

One reason for this high level of home equity and home prices in the 78624 zip code of Fredericksburg, TX may be due to its strong economy. The unemployment rate here is only 3%, which is much lower than the national average unemployment rate of 6%. Additionally, there are a number of businesses located in this area that may be contributing to the high level of home equity and home prices. For example, there are a number of technology companies located here that may be driving up demand for housing stock.

Despite these factors, it's important to keep in mind that not everyone living in the 78624 zip code has access to such high levels of home equity and home prices. In fact, approximately one-third (33%)of homes here are worth less than their original purchase price. This means that many people living in this area may not have as much wealth accumulated through their homes as some people living elsewhere might have.