78635, Hye, TX

Home Equity and Home Prices in the 78635 Zip Code of Hye, TX

The home equity and home prices in the 78635 zip code of Hye, 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 $102,500. The average home value in this zip code is also much higher than the Texas average of $151,200. This indicates that there are a lot of homes in this zip code that are worth a lot more than what most people would expect to pay for them.

One reason why the homes in this zip code are so valuable is because they are located near some very affluent areas. The 78635 zip code includes parts of Houston and Sugar Land, both of which have a high concentration of wealthy residents. This means that there is a lot of demand for homes here, and as a result, prices have been skyrocketing over the past few years. In fact, according to Zillow data from 2018, the median home value increased by 9% over the past year alone!

Despite these high prices, it's important to keep in mind that not everyone can afford to live in a high-priced area like this. For example, if you make less than $75k per year (which is about half of what most people make in this area), you may not be able to afford to buy a house here even if you're willing to spend an enormous amount of money on it. So while it's definitely possible for someone who can afford it to live here comfortably (and even profit from doing so), it's not for everyone.