79244, Matador, TX

Home Equity and Home Prices in the 79244 Zip Code of Matador, TX

The 79244 zip code of Matador, TX has a median home value of $130,000. This is higher than the statewide median home value of $119,500. The zip code also has a lower than average population density with only 2 people per square mile. This may be one reason why the median home value is higher than the statewide median home value.

The majority of homes in this zip code are owner-occupied. There are also a few homes that are rented out but for a shorter period of time. The majority of homeowners in this zip code have mortgages or loan payments that are greater than 30% of their monthly income. This indicates that most homeowners in this zip code have some degree of financial stability and can afford to make large mortgage or loan payments.

The average sale price for homes in this zip code was $135,000 which is slightly higher than the statewide average sale price for homes which was $128,500 as of May 2017. However, it should be noted that there were more sales in this zip code during the year ending May 2017 compared to the year ending May 2016 which may account for some of the increase in sale prices over that period of time.

Overall, it appears that homeownership rates and home values are high in this particular zip code and residents appear to be able to afford large mortgage or loan payments on their homes