78631, Harper, TX

The Harper zip code 78631 has a population of around 10,000 people and an average home value of $130,000. The median home value in the Harper zip code is $128,500. Home equity in the Harper zip code is relatively high compared to other areas of the country. In fact, according to Zillow, the average home equity in Harper is $101,200. This means that homeowners in Harper have a significant amount of equity in their homes.

One reason for this high level of home equity is likely due to the low unemployment rate in Harper. The unemployment rate in Harper was 2.5% as of September 2017, which is much lower than the national unemployment rate of 3%. This low unemployment rate likely contributes to high levels of home equity because it means that there are more opportunities for people to buy homes and invest in them over time.

Another factor that may contribute to high levels of home equity in Harper are low interest rates. As of September 2017, interest rates were at historic lows and were not expected to rise any time soon. This means that homeowners can borrow money against their homes and use the money to pay off other debts or invest it into their homes' values over time. Low interest rates also make it easier for people to afford larger mortgages than they might otherwise be able to afford.

Overall, homeownership rates are high in Harper and home equity is relatively high compared to other areas of the country. These factors likely contribute to strong economic growth and stability in this area over time