79756, Monahans, TX

The Monahans, TX zip code of 79756 has a population of just over 5,000 people. The median household income in this zip code is just over $50,000. This means that the home equity and home prices in this area are both quite high.

As of September 2017, the median home value in the Monahans zip code was $190,000. This is a far cry from the median home value of just $41,500 that was reported back in 2000. However, even though the median home value has increased by more than 200%, the average home value has only increased by about 120%. This suggests that there is still plenty of room for growth in this area.

One reason why the home equity and home prices in Monahans are so high is because there are a lot of wealthy residents living here. In fact, according to Zillow’s 2018 Home Value Index report, Monahans ranks as one of the top 10 wealthiest zip codes in Texas. Additionally, many people who live here own their homes outright rather than using them as part of a mortgage or other type of loan agreement. As a result, they are not at risk if interest rates go up or if another financial crisis hits the country overall.

Overall, it seems safe to say that the home equity and home prices in Monahans are both very high relative to other areas around Texas. If you're looking to buy or sell a property here, you'll likely need to be prepared to spend quite a bit of money on negotiations and closing costs