79366, Ransom Canyon, TX

Home Equity and Home Prices in the 79366 Zip Code of Ransom Canyon, TX

The zip code of 79366 located in Ransom Canyon, TX has a median home value of $225,000. This is higher than the statewide median home value of $177,500. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This is higher than the statewide percentage of homeowners with mortgages at 62%. The zip code also has a lower than average percentage of homeowners who owe more on their mortgage than their home is worth at 4%. This is higher than the statewide percentage of homeowners who owe more on their mortgage than their home is worth at 2%. The zip code also has a lower than average percentage of homeowners who have negative equity in their homes at -5%. This is lower than the statewide percentage of homeowners who have negative equity in their homes at -8%.

The top reasons people are buying homes in 79366 are location and price. There are many families that are looking for an affordable place to live that is close to amenities. Another reason people are buying homes in this zip code is because they believe that prices will continue to rise. Many people believe that there will be an increase in demand for housing because there are many families that are looking for an affordable place to live.