Zip Code:
79772 is a Texas Zip code within the city of Pecos and the county of Reeves County. Its population is roughly 14,029.
The 79772 zip code of Pecos, TX is located in the eastern part of the county and has a population of about 10,000. The median household income in this zip code is about $40,000 which is lower than the statewide median household income of $53,046. The homeownership rate in this zip code is about 68%, which is lower than the statewide homeownership rate of 73%. About one-third of households in this zip code have a mortgage and the average home value in this zip code is about $130,000.
Home equity and home prices are important indicators of economic health for a community. Home equity refers to the value of a homeowner's home minus all outstanding mortgages and other liens on that property. Home prices are based on many factors including local market conditions, interest rates, availability of homes for sale, and depreciation rates. In general, when there are more homes available for sale and interest rates are low, home prices will be higher than when interest rates are high or when there are few homes available for sale.
In recent years there has been an increase in home values throughout much of Texas due to strong local market conditions and low interest rates. However, some areas within Texas have seen more rapid increases in home values than others. For example, areas near major metropolitan areas such as Houston or Dallas have seen larger increases in home values than areas located further away from large cities such as Pecos or Tyler. This disparity may be due to a number of factors including local market conditions (such as job growth), access to amenities (such as schools), and regional differences (such as cost-of-living).
Despite these regional variations, overall trends suggest that most Texans own their homes and that home values continue to rise over time. This trend should continue into 2019 since there are currently few homes available for sale within the 79772 zip code area. As long as buyers can find properties they want to purchase at fair prices with good credit ratings, it seems likely thathome values will continue to increase over time within this particular area
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
79719 | 589 | 11.9 | America/Chicago | 31.46011 | -103.40559 | Barstow | Ward | Texas |
79785 | 121 | 0.3 | America/Chicago | 31.32749 | -103.90690 | Toyah | Reeves County | Texas |
79754 | 98 | 0.2 | America/Chicago | 31.80166 | -103.59994 | Mentone | Loving | Texas |