79231, Dougherty, TX

Dougherty, TX is located in the northeast corner of Harris County and has a population of just over 10,000 people. The zip code 79231 has a median household income of $50,000 and a median home value of $146,500. Dougherty is one of the most affordable zip codes in Harris County and has seen an increase in home values over the past few years.

The average home value in Dougherty increased by 8% from 2013 to 2014 and by 12% from 2014 to 2015. This trend is likely to continue as there are currently more homes for sale than there are buyers in the area. In addition, many homeowners have taken advantage of low interest rates to refinance their mortgages and increase their home equity.

Home equity is important for many reasons: it can provide financial stability during difficult times, it can be used as collateral for loans or investments, and it can be used to pay off debt or buy additional property. Homeowners who have high levels of home equity are generally less likely to experience financial difficulties than those who do not have any equity in their homes.

There are several factors that contribute to the increase in home values in Dougherty:

1) The area is growing rapidly – new development is happening all around town, which means more homes being built and more people moving into the area;

2) The local economy is strong – businesses are doing well overall and wages are increasing;

3) There is limited supply – there aren’t as many homes available for sale as people want them, so prices go up;

4) The market conditions are favorable – interest rates remain low (which helps borrowers afford a mortgage), demand remains high (due to strong job growth), and prices haven’t gone up too much relative to incomes over recent years.