79065, Pampa, TX

The home equity and home prices in the 79065 zip code of Pampa, TX are very high. The median home value in this zip code is $236,000, which is more than triple the national median home value of $101,200. Additionally, the percentage of homes in this zip code that are owned outright is much higher than the national average of 63%. This indicates that there are a lot of people in this area who have a lot of equity in their homes.

One reason for this high level of equity may be the low unemployment rate in Pampa. The unemployment rate here was only 2.5% as of May 2017, which is much lower than the national average unemployment rate of 4.1%. This low unemployment rate may be attracting a lot of people who want to buy homes but don’t want to deal with the risk associated with being unemployed. Additionally, Pampa has a very good school system and many residents seem to be able to afford to buy homes even if they don’t have a ton of money saved up.

On the other hand, there are some reasons why home prices might be high in Pampa. First, Pampa has been growing rapidly over the past few years and it seems likely that demand will continue to outpace supply for some time. Second, there seems to be a lot of interest in buying homes here due to all the positive news about Pampa – whether it’s about how great schools are or how low unemployment is – so there must be something really special about this area that's driving up demand for housing. Finally, although mortgage rates have been on an upward trend recently (although they're still relatively low), buyers may still feel like they need more money down payment than usual because house prices have been rising so quickly lately.