79546, Rotan, TX

The Rotan, TX 79546 zip code has a median home value of $128,000 and a median home equity of $101,000. This is higher than the statewide median home value of $106,500 and the national median home equity of $102,800. The Rotan zip code also has a lower homeownership rate than the statewide rate of 63.5% and the national rate of 68%. This indicates that there are more homes for sale in this zip code than there are homeowners.

The Rotan zip code has seen an increase in its home values over the past five years. Between 2012 and 2016, the home value increased by 21%. This is higher than the statewide average growth rate of 16% and the national average growth rate of 17%. The increase in Rotan’s home values may be due to an increase in demand for housing or it could be due to low interest rates which make purchasing a house more affordable.

Despite seeing an increase in its home values, Rotan still has a high percentage of homeownership relative to other Texas zip codes. In 2016, 69% of households in this zip code were owner-occupied while 31% were rented. This compares favorably to statewide homeowner rates at 55% and nationwide homeowner rates at 58%. It is likely that this high percentage of homeownership is due to lower interest rates which make buying a house more affordable as well as strong local economy which supports jobs with good wages.