79079, Shamrock, TX

The 79079 zip code of Shamrock, TX has a median home value of $128,000 and a median home equity value of $101,000. These values are significantly higher than the national median home value of $77,500 and the national median home equity value of $63,700. The high home values in the 79079 zip code may be due to its proximity to major metropolitan areas such as Dallas and Houston. Additionally, the area is well-educated and has a high rate of homeownership.

Despite the high home values in the 79079 zip code, there is evidence that housing prices are beginning to decline. Between January 2016 and January 2017, the average sale price decreased by 2%. Additionally, between October 2016 and October 2017, there was an increase in foreclosure listings in this zip code by 5%. While these numbers do not necessarily indicate that housing prices will decrease further in the near future, they suggest that caution should be exercised when purchasing or investing in property in this area.