79261, Turkey, TX

The 79261 zip code of Turkey, TX has a population of around 10,000 people. The median household income in this zip code is $53,000 which is above the national median household income of $53,046. The homeownership rate in this zip code is 67% which is above the national homeownership rate of 63%. Home values in this zip code have increased significantly over the past few years and are now at an all-time high.

One reason for the increase in home values in this zip code is that there are a lot of affluent residents living here. The average home value in this zip code is $164,500 which is well above the national average home value of $130,000. Additionally, there are a lot of new homes being built in this area which also contributes to the increase in home values.

Another factor that has contributed to the increase in home values in this area is low interest rates. Since 2007, mortgage rates have been below 4%. This has made it more affordable for people to buy homes and invest their money into property instead of saving it up for a rainy day.

Overall, it appears that there are several factors contributing to the increase in home values in the 79261 zip code over recent years including increasing incomes and new construction. While there may be some volatility associated with these prices from time to time, overall they appear to be on track for continued growth over the long term.