75134, Lancaster, TX

The 75134 zip code of Lancaster, TX has a population of around 34,000 people. The median household income in this zip code is $72,500 and the median home value is $225,000. In terms of home equity, the median homeowner in this zip code has around $130,000 in equity.

When it comes to home prices in the 75134 zip code of Lancaster, TX there seems to be a general trend that they are increasing over time. In fact, according to Zillow’s Home Value Index for ZIP Codes within 100 miles of Lancaster (TX), the average home value in this area has increased by 9% from January 2017 to January 2018. This makes it one of the fastest-growing ZIP codes in Texas during that time period.

One reason for this increase may be due to the low interest rates currently being offered on mortgages. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) released on February 6th, 2018, the average rate on a 30-year fixed-rate mortgage was 3.92%. This is down from 4.11% at the end of 2017 and 4.49% at the end of 2016 – which indicates that there are more potential buyers than ever looking for homes in Lancaster County!

Another factor that could be contributing to these high home values is that Lancaster County is experiencing an influx of new residents – both families and businesses – who are looking for quality housing options close to their work locations or amenities such as shopping and dining establishments. As a result, many homeowners have been able to increase their home equity by refinancing or purchasing their homes outright using cash instead of taking out loans against it.