78223, San Antonio, TX

The 78223 zip code of San Antonio, TX has a median home value of $151,000 and a median home equity value of $101,000. The average home size in the 78223 zip code is 2,851 square feet and the average price per square foot is $92. The 78223 zip code has a population of 138,621 and an unemployment rate of 4.5%.

The 78223 zip code has seen an increase in home values over the past five years. In 2012, the median home value was $128,000 and the median home equity value was $86,000. In 2016, the median home value was $151,000 and the median home equity value was $101,000. This indicates that there has been an increase in both homes values and equity within this zip code over this time period.

One reason for this increase in home values may be due to low interest rates throughout much of the country. Low interest rates make it more affordable for people to buy homes outright or to borrow money against their homes to purchase them. Additionally, many people are now choosing to live in San Antonio because it is a relatively safe city with low crime rates. These factors may have led to more people buying homes in the 78223 zip code over time.

Another reason for increased home values within the 78223 zip code may be due to limited inventory availability within certain neighborhoods within San Antonio. As demand increases for certain types of housing (such as larger homes), developers may choose to build more expensive types of housing instead (such as luxury condos). If there are not enough lower-priced options available nearby when someone wants to buy a house or invest in property ownership within a specific neighborhood, they may be more likely to choose one of these more expensive options instead.