78634, Hutto, TX

The 78634 zip code of Hutto, TX has a median home value of $128,000 and a median home equity value of $83,000. These values are significantly lower than the statewide median home value of $217,500 and statewide median home equity value of $142,700. This indicates that the housing market in the 78634 zip code is more affordable than the statewide average.

One factor that may contribute to the affordability of housing in the 78634 zip code is its low population density. The population density in this zip code is only 2 people per square mile, which is much lower than the Texas population density of 27 people per square mile. This low population density allows for more affordable housing options to be available and may help to keep prices down.

Another factor that may contribute to the affordability of housing in the 78634 zip code is its low unemployment rate. The unemployment rate in this zip code is only 3% compared to Texas’s overall unemployment rate of 6%. This low unemployment rate may help to keep prices down by providing more jobs for residents and reducing competition for jobs.

Overall, it appears that there are several factors contributing to the affordability of housing in the 78634 zip code including its low population density and low unemployment rate. While these factors do play a role, it is important to note that they are not exclusive contributors and other factors such as location also play a role in determining how affordable housing options are available in any given area.