78843, Laughlin Afb, TX

Home Equity and Home Prices in the 78843 Zip Code of Laughlin Afb, TX

The home equity and home prices in the 78843 zip code of Laughlin Afb, TX are very high. The median home value in this zip code is $224,000, which is more than triple the national median home value of $106,500. Additionally, the average home equity loan-to-value ratio in this zip code is 97%, which is much higher than the national average of 63%. This indicates that many homeowners in this zip code have a lot of equity in their homes.

One reason for this high level of equity may be that there are a lot of wealthy residents in this zip code. The median household income here is $101,000, which is much higher than the national median household income of $53,046. Additionally, there are a lot of affluent retirees living in this area. The percentage of residents over age 65 who have retirement incomes above $75,000 is 18%, which is much higher than the national average of 10%. This indicates that many homeowners here have plenty of money saved up to buy or refinance a house.

Another factor contributing to high levels of home equity and home prices in this area may be the low level of unemployment here. The unemployment rate here was 3% as recently as May 2016, which was lower than both the national unemployment rate (4%) and the Las Vegas metropolitan area unemployment rate (5%). This indicates that there are plenty of jobs available for people looking to buy or sell homes.