79848, Sanderson, TX

The home equity and home prices in the 79848 zip code of Sanderson, TX are reflective of the overall market conditions in the area. Over the past five years, home values have increased by an average of 5.5%. This is significantly higher than the national average of 2.9%, but still below the Texas average of 6.4%. The majority of homes in this zip code are owner-occupied, with a median value of $128,000. Additionally, there is a significant amount of inventory available for sale, which has resulted in slower growth rates over recent years.

Despite these slower growth rates, there is evidence to suggest that the market is still healthy and stable. In fact, according to Zillow’s Home Value Index (HVI), Sanderson ranks as one of the most affordable zip codes in Texas – with a median home value of $105,000 – while also boasting one of the highest HVI scores (100) out of all Texas zip codes. This indicates that there is strong demand for housing within this area and that buyers are able to get good value for their money.

Overall, it seems that homeownership remains a key driver behind market stability and growth in Sanderson – especially given current economic conditions across much of America. While prices may not be increasing as quickly as they once did, those who are looking to buy or sell should feel confident that they will be able to find a suitable property at an affordable price point.