79068, Panhandle, TX

Home Equity and Home Prices in the 79068 Zip Code of Panhandle, TX

In the 79068 zip code of Panhandle, TX, home equity and home prices are both high. The median home value in this area is $191,200, which is more than double the national median home value of $106,500. Additionally, the homeownership rate in this zip code is 73%, which is higher than the national homeownership rate of 63%. These high values reflect not only the overall attractiveness of this area but also its strong economy.

One reason for these high values is that there are a lot of homes available for sale in the 79068 zip code. In fact, there are currently 97 homes for sale in this area compared to just 10 homes available five years ago. This increase in availability has led to an increase in home prices as well. The average price per square foot for homes currently for sale in the 79068 zip code is $131 compared to $101 per square foot five years ago. This indicates that sellers have been able to raise their asking prices significantly over time despite a lack of inventory.

Despite these high values, it's important to keep in mind that not all areas within Panhandle are equally expensive. For example, while the average price per square foot for homes currently for sale in the 79068 zip code is above average, it's below average when compared to other areas within Texas such as Fort Worth or Austin. This suggests that while there may be a lot of demand for properties located within this zip code, there may also be some pockets where prices are lower due to competition from other areas or because properties aren't as desirable due to location or condition issues.