79353, Pep, TX

Home Equity and Home Prices in the 79353 Zip Code of Pep, TX

The zip code of 79353 in Pep, TX has a median home value of $119,000. This is higher than the statewide median home value of $106,500. The zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This is lower than the statewide percentage of homeowners with a mortgage at 71%. The zip code has a higher percentage of homeowners who own their homes outright (100%) than the statewide percentage (92%). There are also more homeowners who have taken out HELOCs (home equity loans) in the zip code at 10% compared to the statewide percentage of 5%.

There are several factors that may contribute to these differences. One possibility is that people in Pep may be more likely to have good credit and be able to get HELOCs. Another possibility is that people in Pep may be more likely to have saved up enough money for a down payment on their home. Finally, it's possible that people in Pep are simply more financially secure than people in other parts of Texas. Whatever the reasons, it's clear that there are some interesting trends happening within this zip code when it comes to home equity and home prices.