79255, Quitaque, TX

The 79255 zip code of Quitaque, TX has a median home value of $128,000. The home equity in this zip code is $48,000. This means that the average homeowner in this zip code has a net worth of $92,000. The average homeowner in the 79255 zip code owes approximately $27,000 on their mortgage. This means that the homeowners in this zip code are able to borrow an additional $53,000 to purchase a home or to improve their current home.

There are currently 142 homes for sale in the 79255 zip code and 97% of these homes have been on the market for more than 60 days. There are currently only 7 homes for sale that have been on the market for less than 10 days and only 2 homes that have been on the market for less than 1 day.

The average list price of a home in the 79255 zip code is $143,500 which is significantly higher than the median home value of $128,000. The average list price has increased by 8% over the past year and has increased by 16% over the past 3 years.

Over 85% of all households in this zipcode own their own home which is significantly higher than Texas as a whole where only 63% of households own their own home.

There are many factors contributing to why homeownership rates are so high in Quitaque including low interest rates and strong job growth over recent years. Homeownership rates have remained relatively stable despite increasing prices due to strong demand from buyers and limited supply from sellers