78950, New Ulm, TX

The 78950 zip code of New Ulm, TX has a median home value of $123,000 and a median home equity value of $101,000. These values are lower than the statewide median home value of $183,500 and statewide median home equity value of $142,700. The 78950 zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is higher than the statewide percentage of homeowners with mortgages at 63%.

There are several factors that may contribute to the lower home values in the 78950 zip code. One factor may be that this area is not as affluent as other parts of Texas. Another factor may be that there are fewer homes for sale in this zip code than in other parts of Texas. Finally, it is possible that some homeowners in this zip code have taken out low-interest loans or have received government assistance to purchase their homes.