78662, Red Rock, TX

The 78662 zip code of Red Rock, TX has a median home value of $236,000 and a median home equity value of $164,000. The average home price in the 78662 zip code has increased by 9.5% over the past year and is projected to increase by an additional 5.4% in the next year. In addition, the average home equity value in this zip code is more than double the national average.

The 78662 zip code is located in southeastern Fort Worth and includes many affluent neighborhoods such as Eagle Mountain Lake Estates, Rolling Hills Estates, and Highland Park Village. These neighborhoods have a median household income of over $100,000 and a median age of over 55 years old. Many homeowners in this area are retired military personnel or wealthy business owners who are able to afford high-priced homes in desirable areas.

Despite the strong demand for homes in this area, there have been some challenges with housing prices recently due to low inventory levels and increasing interest rates. However, overall prices continue to rise due to strong demand from buyers and limited supply from builders. As long as there are few new homes being built in this area and interest rates remain high, prices will continue to increase rapidly.