79529, Knox City, TX

Knox City, TX is located in Williamson County and has a population of around 9,000. The median household income in the 79529 zip code is $81,000 and the median home value is $224,500. Home equity in Knox City has been on the rise for the past few years and there are many reasons why this may be the case.

One reason that home equity may be increasing in Knox City is that there are many people who are purchasing homes for investment purposes. These buyers may not intend to live in their homes for very long, but they see value in owning a property outright rather than renting it. Additionally, home prices have been rising faster than inflation rates over the past few years which has helped to increase home equity values.

Another reason that home equity values have increased in Knox City is that there are a lot of new homes being built here. This influx of new residents means that there are more opportunities for people to buy homes and invest in them. Additionally, many homeowners here have taken advantage of low interest rates over the past few years and have refinanced their mortgages multiple times which has also helped to increase their home equity values.