78861, Hondo, TX

The home equity and home prices in the 78861 zip code of Hondo, TX are very high. The median home value in this zip code is $260,000, which is more than double the national median home value of $120,000. Additionally, the percentage of homes in this zip code that are worth more than $500,000 is also very high at 31%. This indicates that there are a lot of wealthy people living in this area.

One reason for the high home values and percentage of homes worth more than $500,000 in this zip code is likely because it is located near Houston. Houston is one of the most populous cities in America and has a large population of wealthy people. Therefore, it is not surprising that the home values and percentage of homes worth more than $500,000 are high in this area.

Another reason for the high home values and percentage of homes worth more than $500,000 in this zip code may be because there are a lot of luxury homes available here. Luxury homes typically cost a lot more money than regular homes do and so it is likely that a higher percentage of these homes are worth over $500,000.