79331, Lamesa, TX

The 79331 zip code of Lamesa, TX has a population of around 10,000 people. The median household income in this zip code is $36,000 and the median home value is $130,000. The average home equity in this zip code is around $60,000.

There are a number of factors that contribute to the high home equity values in the 79331 zip code of Lamesa, TX. One reason is that the area has a low unemployment rate and a high level of education attainment. Additionally, there is a strong demand for housing due to the presence of several major employers in the area.

Despite these positive factors, there are some challenges facing homeowners in the 79331 zip code of Lamesa, TX. One issue is that interest rates are currently very low which makes it difficult for homeowners to get loans for renovations or new construction projects. Another challenge facing homeowners in this area is that prices have been increasing faster than incomes over the past few years which means that many homeowners are finding it difficult to maintain their current levels of home equity.