79749, Lenorah, TX

Lenorah, TX is located in Williamson County and has a population of around 4,000. The median household income in the zip code is $75,000 and the median home value is $225,000. The average home equity loan amount in Lenorah is $130,000.

There has been a significant increase in home equity loans over the past few years due to strong demand from buyers and sellers alike. In Lenorah specifically, there have been an average of six home equity loans per month over the past three years. This indicates that there is strong demand for housing in this area and that people are confident about their ability to repay a loan.

The majority of borrowers in Lenorah use their home equity to finance a down payment on a new house or to help them purchase an existing house that they can remodel or update. There are also a number of borrowers who use their home equity to pay off high-interest debt such as credit card bills or student loans. Overall, it appears that people are using their home equity to achieve various financial goals which supports the trend of increasing home equity loans across the country.