78830, Big Wells, TX

The home equity and home prices in the 78830 zip code of Big Wells, TX are very high. The median home value in this zip code is $236,000, which is more than double the national median home value of $119,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there is a high demand for homes in this zip code that are worth a significant amount of money.

One reason why the home equity and home prices in the 78830 zip code of Big Wells, TX are so high is because there is a large number of affluent residents living in this area. The percentage of households earning over $100,000 per year is significantly higher than the national percentage of households earning over $100,000 per year. This indicates that there is a high demand for luxury homes in this area. Additionally, there are a lot of wealthy individuals who own vacation properties or investment properties located in this zip code. These individuals may be willing to pay a high price for a property because they believe it will appreciate in value over time.

Another reason why the home equity and home prices in the 78830 zip code of Big Wells, TX are so high is because there is limited land available for development within this area. Therefore, developers must pay a premium to purchase land within this area and build new homes or businesses on it. As a result, there is an increased demand for housing units within this ZIP Code that can accommodate these higher prices.