79054, Lefors, TX

The 79054 zip code of Lefors, TX is located in the Houston metropolitan area. The median home value in this zip code is $236,000 and the median home equity value is $128,000. This means that approximately 56% of homes in this zip code are worth more than their original purchase price. Additionally, the average home price appreciation rate for homes in this zip code over the past five years has been 9%. This indicates that there is a high demand for housing in this area and that prices are likely to continue to rise.

One reason why prices have increased so much in the 79054 zip code over the past few years is because there has been a large influx of new residents into the area. In addition, many people who live in this zip code are wealthy enough to be able to afford to buy homes even if they don't have a lot of money saved up. Another factor that has contributed to rising prices in this area is low interest rates. Because banks are offering low interest rates on mortgages, people are able to borrow more money and buy more expensive homes than they would otherwise be able to afford.

Despite these positive trends, there are some potential risks associated with buying a home in the 79054 zip code. One potential risk is that prices could drop significantly if there were any major economic problems or if there was a sudden increase in demand for housing elsewhere in Houston metropolitan area. Another potential risk is that you may not be able to sell your home for what you paid for it if you decide later on that you no longer want it or if market conditions change dramatically.