79534, McCaulley, TX

Home Equity and Home Prices in the McCaulley, TX Zip Code

McCaulley is located in Harris County, Texas and has a population of approximately 8,000. The median household income in McCaulley is $64,000 which is lower than the national median household income of $59,000. The homeownership rate in McCaulley is 68% which is lower than the national homeownership rate of 69%. The percentage of households that are renters is 26%.

The average home value in McCaulley is $128,500 which is lower than the national average home value of $213,500. The percentage of homes that are owner-occupied is 71% while the percentage of homes that are renter-occupied is 29%. The median home equity in McCaulley is $51,700 which is lower than the national median home equity of $76,200.

There are a number of factors that could contribute to the low home values and homeowner status in McCaulley. One reason may be that there are relatively few new homes being built in this zip code compared to other areas across the country. Additionally, many people who live here may have taken out large mortgages to purchase their homes several years ago and now find themselves unable to pay off those loans - leading to decreased property values. Another possible explanation for why home values are low here could be related to interest rates - as they have been historically high throughout much of Texas, it may be difficult for people who own homes here to sell them at a profit.