78801, Uvalde, TX

The home equity and home prices in the 78801 zip code of Uvalde, TX are reflective of the overall market conditions in the area. The median home value in this zip code is $101,000, which is lower than the statewide median home value of $183,500. However, this does not mean that there are not opportunities for homeowners in this area to make significant gains on their homes. In fact, according to Zillow’s recent report on Texas housing markets, the average home value growth rate in Texas was 5.5% from January 2017 to January 2018. This means that if you are looking to buy a home in the 78801 zip code now, there is a good chance that your property will be worth more than it was a year ago.

One reason why homeowners may be able to benefit from increased home values is because interest rates have remained relatively low throughout much of 2018. According to Bankrate’s latest survey of mortgage rates across the country, the average rate for a 30-year fixed-rate mortgage was 3.92% as of February 1st – which is down from 4.14% at this time last year and below both the national average (4%) and state average (3%). This has made it more affordable for potential buyers to get into homes and invest in their property values over time – something that could continue to happen as interest rates continue to fall.

However, while there are many reasons why homeowners may be able to benefit from rising home values in Uvalde, TX over time, there are also risks associated with buying or selling a property during these times. For example, if interest rates rise suddenly or if market conditions change dramatically – such as an increase in unemployment or inflation – then homeowners could find themselves facing significant financial challenges when it comes time to sell their homes or refinance their mortgages. It is important for anyone considering purchasing or selling a property in Uvaldearea to do their research carefully before making any decisions – so they can avoid any unexpected surprises down the road!