79344, Maple, TX

Home Equity in the 79344 Zip Code of Maple, TX

In the 79344 zip code of Maple, TX, home equity is a valuable asset. Home prices in this area have increased significantly over the past few years, and homeowners are able to use their home equity to finance other investments or pay down debt. In addition, homeowners in this zip code can also use their home equity to help cover expenses such as college tuition or a mortgage payment.

The average home value in the 79344 zip code is $225,000. Over the past five years, the average home value has increased by 27%. This increase is likely due to strong demand for housing in this area and increasing interest rates. As of May 2016, there were 121 homes for sale in the 79344 zip code and 97% of these homes had been sold within one year. This indicates that there is strong demand for housing in this area and that homeowners are able to sell their homes quickly.

Home prices have increased significantly throughout much of Texas over the past few years. The average price increase across all counties within Texas was 24%, and the average price increase within Dallas County was 31%. In contrast, Houston County experienced a 14% average price increase and Collin County experienced a 9% average price increase over this same period of time (Zillow). These high rates of growth suggest that there is strong demand for housing in Texas overall and especially within certain areas such as the 79344 zip code of Maple.