79093, Waka, TX

The 79093 zip code of Waka, TX has a median home value of $128,000 and a median home equity value of $101,000. The average home size in this zip code is 2,800 square feet. Approximately one-third (33%) of homes in the 79093 zip code are owner-occupied while two-thirds (66%) are occupied by renters. Home values have increased by an average of 5.5% annually over the past five years.

The top reasons for homeownership in the 79093 zip code are that residents like having control over their property and want to live in a neighborhood where they know their neighbors. Renters in this area typically prefer living in neighborhoods with good schools and access to transportation because they want to be close to work and other amenities.

Home prices have increased significantly since 2007 due to strong demand from both buyers and sellers alike. Many people who live in this area own their homes outright or have mortgages that are below market rates, which has helped keep prices high despite low interest rates over the past few years. In addition, there is a limited supply of homes available for sale which has also contributed to increasing prices.