79912, El Paso, TX

The El Paso, TX 79912 zip code has a population of around 1.5 million people and is located in the southern part of the city. The median home value in this zip code is $158,000 which is about average for the city. Home equity in this zip code has been increasing over the past few years and as of 2016, it was at its highest point since 2007. This increase can likely be attributed to low interest rates and increased demand for housing in El Paso.

There are a number of factors that could contribute to increased home values in a given area, including population growth, inflation, and market conditions. In the case of El Paso, both population growth and market conditions have been positive over the past few years. Additionally, interest rates have remained relatively low throughout this time period which has helped to support home equity values. However, there are some potential risks that could impact home values in El Paso down the road. For example, if interest rates rise or if there is another economic recession, then prices may decrease again.