79783, Tarzan, TX

Home Equity and Home Prices in the 79783 Zip Code of Tarzan, TX

The 79783 zip code of Tarzan, TX has a median home value of $122,000. This is significantly higher than the statewide median home value of $101,500. The zip code also has a high percentage of homeowners with equity in their homes. In fact, over 60% of households in this zip code have equity in their homes. This is significantly higher than the statewide average of just over half (53%).

One reason for this high level of equity may be that the area has a high rate of homeownership. Over 70% of households in this zip code are owner-occupied, which is much higher than the statewide average (63%). Additionally, there are relatively few renters living in this area – only about 10% of households are renters. This low level of rental activity may help to contribute to the high level of homeowner equity here.

Another factor that may contribute to the high level of homeowner equity in this zip code is the low rate of foreclosure activity here. Only about 2%of households here have been affected by foreclosure so far during 2016 – far lower than the statewide average (5%). This low rate may be due to strong economic conditions and tight housing market conditions overall, which have helped to keep prices stable and prevent many people from losing their homes to foreclosure.