79413, Lubbock, TX

The home equity and home prices in the 79413 zip code of Lubbock, TX are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.4%, while the median household income has only increased by 1.2%. This indicates that there is a large disparity between those who can afford to buy a home and those who can't, which is indicative of a general trend across many markets nationwide.

There are several factors that contribute to this disparity, including low interest rates and an increasing demand for housing due to population growth. In addition, many people are still underwater on their mortgages from before the recession, which makes it difficult for them to qualify for a new mortgage and purchase a home. As long as these trends continue, we can expect to see more disparities like this one across the country.