79091, Umbarger, TX

Home Equity and Home Prices in the 79091 Zip Code of Umbarger, TX

The home equity and home prices in the 79091 zip code of Umbarger, TX are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $125,000. Additionally, the percentage of homes that are owner-occupied in this zip code is above the national average of 68%. This indicates that many people in this area are able to afford to buy a home despite having low incomes.

One reason for these high home values and homeowner rates may be that there is a high concentration of wealthy residents in this zip code. The percentage of households earning over $200,000 per year is above the national average of 20%. Additionally, the percentage of households earning over $100,000 per year is also above the national average. This indicates that many people who live in this zip code can afford to buy a house even if they do not have a high income.

Despite these high values and rates, it is important to keep in mind that not everyone living in this zip code can afford to buy a house. The percentage of households earning less than $30,000 per year is above the national average of 20%. This indicates that there are a lot of low-income residents living in this area. It will likely take someone with a higher income to be able to purchase a house in this area.