79035, Friona, TX

The home equity and home prices in the 79035 zip code of Friona, TX are very high. The median home value in this zip code is $242,000, which is more than double the national median home value of $106,500. 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 lot of wealth concentrated in this particular zip code.

One possible explanation for why the home equity and home prices in this zip code are so high is that Friona is a wealthy town. It has a population density of only 2 people per square mile, which is much lower than the national average population density of 5 people per square mile. This low population density may make it easier for affluent residents to buy and sell homes quickly and affordably. Additionally, Friona has a relatively low unemployment rate (4% as of 2016) compared to other cities in Texas (6% as of 2016). This may help to attract wealthy individuals who want to live in a peaceful community without too many distractions.

Despite these factors, it's important to keep in mind that not everyone living in Friona enjoys these high home values and elevated unemployment rates. Some residents may be struggling to afford their mortgages or rent payments even though their incomes are high enough to qualify for affordable housing options. It will be interesting to see how long these elevated values can last given current market conditions and whether they will eventually start to decline as more people enter the market with lower income levels.