76311, Sheppard Afb, TX

The Sheppard Afb, TX zip code has a median home value of $128,000 and a median home equity of $101,000. The average price per square foot in this zip code is $77. This makes the Sheppard Afb area one of the more affordable areas in the Dallas-Fort Worth metroplex.

There are several factors that contribute to the affordability of homes in this area. First, there is a low population density in this zip code which allows for more space per capita than many other areas in the metroplex. Second, Sheppard Afb is located close to both DFW International Airport and Dallas/Fort Worth International Airport which means that there is a high demand for housing here. Finally, Sheppard Afb has a low unemployment rate which contributes to increased demand for homes.

Despite these factors, there are still some challenges facing homeowners in the Sheppard Afb area. One issue is that the area has seen significant growth over the past few years and as a result there are not enough new homes being built to meet demand. Another challenge is that interest rates have been relatively low for much of this decade which has made it difficult for people to qualify for mortgages or take out home equity loans. As a result, many homeowners in this area have had to rely on their home equity to help them finance their purchases or repairs.