78723, Austin, TX

The 78723 zip code of Austin, TX has a median home value of $269,500 and a median home equity value of $130,000. These values are higher than the national median home value of $177,700 and the national median home equity value of $106,200. The reason for this discrepancy is likely due to the high concentration of expensive homes in this zip code. In addition, the average commute time to work in this zip code is only 25 minutes, which is much shorter than the national average commute time of 29 minutes. This means that people in this zip code are more likely to be able to afford high-priced homes and also have shorter commutes.

Despite these high values, there are still a number of homeowners in the 78723 zip code who are struggling to pay their mortgages or other debts. For example, there are currently 1,827 delinquent mortgages in this zip code (11% of all mortgages). This indicates that many homeowners here are not able to keep up with their payments even when their homes are worth a lot money. It is possible that these homeowners will eventually lose their homes if they do not get help from lenders or government programs like mortgage assistance programs.