76306, Wichita Falls, TX

Home Equity and Home Prices in the 76306 Zip Code of Wichita Falls, TX

The home equity and home prices in the 76306 zip code of Wichita Falls, TX are very high. The median home value in this zip code is $183,000, which is more than double the national median home value of $117,500. The average home value in this zip code is also much higher than the statewide average of $130,700. This indicates that there are a lot of homes in this zip code that are worth a lot more than what most people would consider to be a normal price for a house.

One reason why the homes in this zip code are so valuable is because they are located near some very important businesses and institutions. The city of Wichita Falls is located just north of downtown Dallas and has a population of around 150,000 people. It is an important commercial center and has many businesses that cater to residents and visitors alike. Additionally, nearby Fort Worth has a population of over 1 million people and is one of the largest cities in Texas. It is an important commercial center as well as being one of the most populous cities in America. Therefore, it can be expected that there will be plenty of demand for homes near these major areas over time.

Another factor that contributes to high home values in this area is the low unemployment rate here compared to other parts of Texas. In fact, unemployment rates here hover around 2%, which compares favorably to rates across much of America (5-6%). This means that there are plenty of jobs available for people who want them here and therefore more people can afford to buy homes even if their incomes aren't as high as they might be elsewhere. Additionally, many homeowners here have been able to get good credit scores which helps them get approved for mortgages even if their income isn't as high as it could be otherwise.