76018, Arlington, TX

Arlington, TX is a suburb of Dallas and has a population of over 1 million people. The 76018 zip code has a median home value of $225,000 and the median household income is $106,000. Home equity in Arlington is very important to residents because it allows them to borrow against their home equity to finance other expenses or investments. In addition, home prices in Arlington have increased significantly over the past few years due to strong demand from buyers and limited supply.

The average days on the market for homes in the 76018 zip code is 97 days, which indicates that there is strong demand for homes in this area. The majority of homes (86%) are owned by individuals rather than institutional investors such as pension funds or mutual funds. This suggests that most residents are able to afford their homes without having to rely on outside sources of financing.

The average price per square foot for single-family homes in Arlington was $269 in 2017, which was higher than the national average of $236 per square foot. This indicates that there is high demand for housing in Arlington and that developers are able to build more expensive homes due to the limited supply of available properties. In addition, many homeowners have been able to refinance their mortgages into lower interest rates since 2007 thanks to low interest rates from banks and mortgage lenders. This has helped increase homeowners' equity levels and made it easier for them to purchase additional property or invest money into other assets such as stocks or bonds.