79081, Spearman, TX

Spearman, TX is located in the 79081 zip code. Spearman has a population of around 1,500 people. The median household income in Spearman is $59,000. The median home value in Spearman is $127,000.

Spearman's home equity and home prices are both high compared to the rest of the country. Spearman's median home value is more than three times the national median home value of $117,500. Additionally, Spearman's home equity rate is also much higher than the national average of just over 50%. This indicates that many people in Spearman have a lot of equity in their homes which gives them a lot of security and stability when buying or selling a house.

One reason why homes in Spearman are so expensive and have such high levels of equity is that there are very few houses for sale in the area. In fact, according to Zillow®, only 2% of all homes for sale in Texas are located in the 79081 zip code. This lack of available housing means that buyers have a lot of competition for houses and they need to be willing to pay a high price to get one. Additionally, many people who live in Spearman own their homes outright which gives them more security when buying or selling a house since they don't need to worry about mortgage payments or other financial obligations associated with owning a house.