79556, Sweetwater, TX

Home Equity and Home Prices in the 79556 Zip Code of Sweetwater, TX

The zip code of 79556 has a median home value of $142,000. This is higher than the national median home value of $123,500. The zip code also has a higher than average percentage of homes with equity (meaning the homeowner's mortgage is less than 20% of the home's value). This indicates that homeowners in this zip code are more likely to have a cushion against economic downturns.

The average sale price for homes in this zip code was $157,500 in 2017. This is significantly higher than the national average sale price for homes which was $197,500 that year. The high sale prices may be indicative of strong demand for housing in this area.

There are a number of factors that could contribute to the high sale prices and equity levels in this zip code. These include:

-The low unemployment rate in this area (3%)

-High incomes and low poverty rates

-Low interest rates