79107, Amarillo, TX

The 79107 zip code of Amarillo, TX has a median home value of $119,900 and a median home equity value of $86,000. The homeownership rate in the 79107 zip code is 73.5%, which is lower than the national homeownership rate of 68.5%. The percentage of households earning over $100,000 is also lower in the 79107 zip code than the national percentage of households earning over $100,000 at 10.4%.

There are a number of factors that may contribute to these lower home values and home equity rates in the 79107 zip code. One potential reason for this could be that there are fewer high-income earners living in the area compared to other areas across the country. Additionally, many homes in this area were built before 1990, which may make them less desirable to buyers and investors.

Despite these lower values, there are still a number of homeowners in the 79107 zip code who are benefiting from strong market conditions. Many homeowners have taken advantage of low interest rates and have been able to refinance their homes multiple times over the past few years. Additionally, many residents have also been able to purchase new homes within reach of their current mortgage payments thanks to rising prices and strong demand for housing stock overall.