78748, Austin, TX

Home Equity and Home Prices in the 78748 Zip Code of Austin, TX

There is no doubt that home equity is one of the most important assets a person can have. Not only does it provide a cushion against unexpected financial setbacks, but it also provides an important source of retirement income. In addition, home equity can be used to purchase other assets, such as cars or boats.

According to Zillow, the median home value in the 78748 zip code of Austin was $269,200 in January 2018. This figure has increased by 3.5% over the past year and is now 6% higher than it was a year ago. Given this strong performance, it's not surprising that home prices are continuing to rise in this area.

However, there are some important things to keep in mind when considering buying or selling a home in Austin:

1) The market for homes in Austin is very competitive; there are a lot of people looking to buy or sell homes at any given time. As a result, prices can go up and down quickly – especially if there is an increase in demand (as has been the case recently). It's always best to consult with an experienced real estate agent before making any decisions about buying or selling a home. 2) Although prices have been rising steadily over the past few years, they may still not be high enough for some buyers or sellers – especially if interest rates continue to stay low (which they likely will). If you're interested in purchasing a home but don't think you'll be able to afford it at current prices, don't hesitate to contact an experienced real estate agent who can help you explore your options. 3) Keep your expectations realistic when thinking about how much money you'll need down payment on a home – even if prices have been increasing rapidly over recent years. In most cases (especially outside of major metropolitan areas), mortgage lenders require between 20-30% down payment on average these days; so don't expect to be able to buy just anywhere without putting some serious money down first! 4) Finally – remember that while house values tend to appreciate over time (especially if you're patient), they aren't guaranteed to do so! So make sure you know what your budget looks like before making any decisions about buying or selling a home – and always consult with an experienced real estate agent if you have any questions about the market conditions specific to your area