79521, Haskell, TX

Haskell, TX is located in Williamson County and has a population of around 10,000. The median household income in Haskell is $59,000 and the median home value is $163,500. Home equity in Haskell is relatively high compared to other areas of the country. In fact, according to Zillow’s 2018 Home Value Index, Haskell has the seventh highest home equity index out of all U.S. zip codes with a population over 100,000.

One reason for Haskell’s high home equity may be its low unemployment rate. As of May 2019, the unemployment rate in Haskell was 2%. This low unemployment rate likely contributes to the high home values in Haskell because people are more likely to be able to afford a higher mortgage payment if they have stable employment. Additionally, Haskell residents may be able to afford higher home values because they earn more money than people living in other parts of the country. According to Zillow’s 2018 Home Value Index report, the median household income in Haskell is $59,000 which is above the national average of $53,700.

Despite having a high home equity index and relatively low unemployment rate, there are some risks associated with buying a house in Haskell. For example, according to Zillow’s 2018 Home Value Index report ,the percentage of homes that are worth less than their original purchase price (negative equity) is above average for U.S zip codes with over 100k residents . Additionally ,the percentage of homes that are worth more than their original purchase price (overvalued) is also above average for U.S zip codes with over 100k residents . These two factors together may make it difficult for homeowners who are struggling financially to sell their homes or refinance them into something more affordable .

The overall trend seems to suggest that while homeownership rates have been on the decline nationwide since 2007 ,they continue to be high in places like Haskell where there are few risks associated with owning a house .