79080, Skellytown, TX

The Skellytown zip code of 79080 has a population of around 2,000 people. The median household income in this zip code is $86,500, and the median home value is $224,000. This means that the home equity in this zip code is quite high. In fact, according to Zillow, the average home equity in this zip code is $269,700.

This high level of home equity may be due to several factors. First, Skellytown is located in a desirable area of Dallas. Second, the homes in this zip code are generally well-maintained and have low foreclosure rates. Finally, Skellytown residents have been able to access affordable financing options over the past few years thanks to low interest rates and strong economic growth.

Despite these positive factors, there are some risks associated with having high levels of home equity. For example, if the market for housing crashes or interest rates rise significantly (which they have done in the past), homeowners could find themselves struggling to pay their mortgages or loans on their homes. Additionally, if someone loses their job or experiences other financial difficulties (which can happen at any time), they may be unable to make payments on their home equity loans or mortgages. In short: while having high levels of home equity can be a valuable asset for many people living in Skellytown Zip Code 79080 , it also carries some risks