79056, Lipscomb, TX

The 79056 zip code of Lipscomb, TX has a median home value of $128,000 and a median home equity value of $92,000. The homeowners in this zip code have an average credit score of 727 and an average debt-to-income ratio of 43%. This zip code is relatively affluent compared to the rest of the United States.

The main drivers of home equity and home prices in this zip code are income levels and credit scores. Home values in this zip code are higher than they are in most other parts of the country because there is a greater concentration of high-income households here. Furthermore, residents with good credit scores can afford to borrow more money to buy a house, which drives up prices.

Despite these factors, there has been some recent price growth in this zip code. This is likely due to strong economic conditions overall and increased demand for housing from people with good credit scores. In the long run, however, it is likely that rising interest rates will lead to slower price growth in this area.