79379, Whiteface, TX

Home Equity and Home Prices in the 79379 Zip Code of Whiteface, TX

The 79379 zip code of Whiteface, TX has a median home value of $101,000. This is higher than the statewide median home value of $76,200. The zip code also has a lower than average percentage of homeowners with mortgages at 66%. This indicates that most homes in this zip code are owned outright or have some form of equity in them.

The average sale price for homes in the 79379 zip code was $119,500 over the past year. This is higher than the statewide average sale price of $107,500. The number of sales over the past year was also higher than the statewide average.

There are a number of factors that could contribute to this high sale price and high home equity in this zip code. One reason may be that there is a large concentration of luxury homes in this area which can command a high asking price. Additionally, many people who live in this zip code are wealthy enough to be able to afford to buy a home outright or have significant equity in their current property which gives them more bargaining power when it comes time to sell their home.