78944, Industry, TX

Industry, TX is located in Williamson County and has a population of approximately 25,000. The median household income in Industry is $86,500 and the median home value is $224,000. Home equity in Industry is relatively high compared to other zip codes in Texas. In 2016, the home equity rate in Industry was 10.5%. This means that the median homeowner had 10.5% of their home's value left over after paying off all debts and expenses. This percentage is higher than the statewide average of 7.1%. The reason for this may be due to the low interest rates available in Industry compared to other areas of Texas. Additionally, many homeowners in Industry have taken advantage of HELOCs (home equity lines of credit) which allow them to borrow against their home's value without having to pay interest on the loan until it is repaid.

Despite having a high level of home equity, there are still some risks associated with owning a home in Industry. For example, if someone loses their job or their income decreases significantly, they may not be able to afford to make payments on their mortgage or HELOC and could lose their home completely. Additionally, if the market for homes in Industry falls significantly below what homeowners owe on their mortgages or HELOCs, they could find themselves underwater on their homes and unable to sell them at a profit.