Yahoo Finance In Less Than a Decade, You Won’t Be Able To Afford Homes in These 20 Texas ZIP Codes
Despite the fact that Texas has affordable housing and cost of living compared to other US states, there are still huge disparities in home prices across the Lone Star State. While Texas has no state income tax, the average effective property tax rate is 1.60%.
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For some zip codes across the state, rising home prices could change the housing market in years to come. While you are able to afford homes in some affordable areas now, you may not be able to do so in 10 years.
To give you a better idea, GOBankingRates has provided the average home value and projected value over the next decade for these 20 Texas ZIP codes where prices are rising.
75853: Montalba
April 2024 Home Value: $325,633
1-Year Growth Projection (%): 1.90
2025 Projected Home Value: $331,820
2026 Projected Home Value: $338,124
2027 Projected Home Value: $344,549
2028 Projected Home Value: $351,095
2029 Projected Home Value: $357,766
2030 Projected Home Value: $364,564
2031 Projected Home Value: $371,490
2032 Projected Home Value: $378,549
2033 Projected Home Value: $385,741
2034 Projected Home Value: $393,070
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78631: Harper
April 2024 Home Value: $359,501
1-Year Growth Projection (%): 0.50
2025 Projected Home Value: $361,299
2026 Projected Home Value: $363,105
2027 Projected Home Value: $364,921
2028 Projected Home Value: $366,745
2029 Projected Home Value: $368,579
2030 Projected Home Value: $370,422
2031 Projected Home Value: $372,274
2032 Projected Home Value: $374,135
2033 Projected Home Value: $376,006
2034 Projected Home Value: $377,886
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76453: Gordon
April 2024 Home Value: $326,707
1-Year Growth Projection (%): 1.30
2025 Projected Home Value: $330,954
2026 Projected Home Value: $335,256
2027 Projected Home Value: $339,615
2028 Projected Home Value: $344,030
2029 Projected Home Value: $348,502
2030 Projected Home Value: $353,032
2031 Projected Home Value: $357,622
2032 Projected Home Value: $362,271
2033 Projected Home Value: $366,981
2034 Projected Home Value: $371,751
Pictured: Dallas, Texas
76539: Copperas Cove
April 2024 Home Value: $354,516
1-Year Growth Projection (%): 0.30
2025 Projected Home Value: $330,954
2026 Projected Home Value: $355,256
2027 Projected Home Value: $339,615
2028 Projected Home Value: $342,030
2029 Projected Home Value: $348,502
2030 Projected Home Value: $353,032
2031 Projected Home Value: $357,622
2032 Projected Home Value: $362,271
2033 Projected Home Value: $366,981
2034 Projected Home Value: $371,751
Pictured: Austin, Texas
76534: Holland
April 2024 Home Value: $330,234
1-Year Growth Projection (%): 1.00
2025 Projected Home Value: $333,536
2026 Projected Home Value: $36,872
2027 Projected Home Value: $340,240
2028 Projected Home Value: $343,643
2029 Projected Home Value: $347,079
2030 Projected Home Value: $350,550
2031 Projected Home Value: $354,055
2032 Projected Home Value: $357,596
2033 Projected Home Value: $361,172
2034 Projected Home Value: $364,784
Pictured: Amarillo, Texas
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75105: Rice
April 2024 Home Value: $310,103
1-Year Growth Projection (%): 1.60
2025 Projected Home Value: $315,064
2026 Projected Home Value: $320,105
2027 Projected Home Value: $325,227
2028 Projected Home Value: $330,431
2029 Projected Home Value: $335,718
2030 Projected Home Value: $341,089
2031 Projected Home Value: $346,547
2032 Projected Home Value: $352,091
2033 Projected Home Value: $357,725
2034 Projected Home Value: $363,448
Pictured: Austin, Texas
75102: Barry
April 2024 Home Value: $297,150
1-Year Growth Projection (%): 1.90
2025 Projected Home Value: $302,796
2026 Projected Home Value: $308,549
2027 Projected Home Value: $314,411
2028 Projected Home Value: $320,885
2029 Projected Home Value: $326,473
2030 Projected Home Value: $332,676
2031 Projected Home Value: $338,996
2032 Projected Home Value: $345,437
2033 Projected Home Value: $352,001
2034 Projected Home Value: $358,689
Pictured: Austin, Texas
76102: Fort Worth
April 2024 Home Value: $333,125
1-Year Growth Projection (%): 0.70
2025 Projected Home Value: $335,457
2026 Projected Home Value: $337,805
2027 Projected Home Value: $340,170
2028 Projected Home Value: $342,551
2029 Projected Home Value: $344,949
2030 Projected Home Value: $347,363
2031 Projected Home Value: $349,795
2032 Projected Home Value: $352,244
2033 Projected Home Value: $354,709
2034 Projected Home Value: $357,192
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75437: Dike
April 2024 Home Value: $345,362
1-Year Growth Projection (%): 0.30
2025 Projected Home Value: $346,398
2026 Projected Home Value: $347,437
2027 Projected Home Value: $348,480
2028 Projected Home Value: $349525
2029 Projected Home Value: $350,574
2030 Projected Home Value: $351,625
2031 Projected Home Value: $352,680
2032 Projected Home Value: $353,738
2033 Projected Home Value: $354,800
2034 Projected Home Value: $335,864
Pictured: Leander, Texas
75471: Pickton
April 2024 Home Value: $331,755
1-Year Growth Projection (%): 0.70
2025 Projected Home Value: $334,078
2026 Projected Home Value: $336,416
2027 Projected Home Value: $338,771
2028 Projected Home Value: $341,142
2029 Projected Home Value: $343,530
2030 Projected Home Value: $345,935
2031 Projected Home Value: $348,357
2032 Projected Home Value: $350,795
2033 Projected Home Value: $353,251
2034 Projected Home Value: $355,784
Pictured: Austin, Texas
76225: Alvord
April 2024 Home Value: $358,820
1-Year Growth Projection (%): -0.20
2025 Projected Home Value: $358,103
2026 Projected Home Value: $357,386
2027 Projected Home Value: $356,672
2028 Projected Home Value: $355,958
2029 Projected Home Value: $355,246
2030 Projected Home Value: $354,536
2031 Projected Home Value: $358,827
2032 Projected Home Value: $353,119
2033 Projected Home Value: $352,413
2034 Projected Home Value: $351,708
Pictured: McAllen, Texas
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76557: Moody
April 2024 Home Value: $318,336
1-Year Growth Projection (%): 1.0
2025 Projected Home Value: $321,519
2026 Projected Home Value: $324,735
2027 Projected Home Value: $327,982
2028 Projected Home Value: $331,262
2029 Projected Home Value: $334,574
2030 Projected Home Value: $337,920
2031 Projected Home Value: $341,299
2032 Projected Home Value: $344,712
2033 Projected Home Value: $348,159
2034 Projected Home Value: $351,641
Pictured: Austin, Texas
76689: Valley Mills
April 2024 Home Value: $325,593
1-Year Growth Projection (%): 0.70
2025 Projected Home Value: $327,671
2026 Projected Home Value: $329,964
2027 Projected Home Value: $332,274
2028 Projected Home Value: $334,600
2029 Projected Home Value: $336,942
2030 Projected Home Value: $339,301
2031 Projected Home Value: $341,676
2032 Projected Home Value: $344,068
2033 Projected Home Value: $346,476
2034 Projected Home Value: $348,901
Pictured: University City, Texas
75420: Brashear
April 2024 Home Value: $328,444
1-Year Growth Projection (%): 0.50
2025 Projected Home Value: $330,087
2026 Projected Home Value: $331,737
2027 Projected Home Value: $333,396
2028 Projected Home Value: $335,063
2029 Projected Home Value: $336,738
2030 Projected Home Value: $338,422
2031 Projected Home Value: $340,114
2032 Projected Home Value: $341,814
2033 Projected Home Value: $343,524
2034 Projected Home Value: $345,241
Pictured: Cedar Park, Texas
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75861: Tennessee Colony
April 2024 Home Value: $296,488
1-Year Growth Projection (%): 1.50
2025 Projected Home Value: $300,936
2026 Projected Home Value: $305,450
2027 Projected Home Value: $310,031
2028 Projected Home Value: $314,682
2029 Projected Home Value: $319,402
2030 Projected Home Value: $324,193
2031 Projected Home Value: $329,056
2032 Projected Home Value: $333,992
2033 Projected Home Value: $339,002
2034 Projected Home Value: $344,087
Pictured: Houston, Texas
76058: Burleson
April 2024 Home Value: $347,271
1-Year Growth Projection (%): -0.10
2025 Projected Home Value: $346,923
2026 Projected Home Value: $346,577
2027 Projected Home Value: $346,230
2028 Projected Home Value: $345,884
2029 Projected Home Value: $345,538
2030 Projected Home Value: $345,192
2031 Projected Home Value: $344,847
2032 Projected Home Value: $344,502
2033 Projected Home Value: $344,158
2034 Projected Home Value: $343,814
Pictured: Austin, Texas
76401: Stephenville
April 2024 Home Value: $298,599
1-Year Growth Projection (%): 1.40
2025 Projected Home Value: $302,780
2026 Projected Home Value: $302,019
2027 Projected Home Value: $311,317
2028 Projected Home Value: $315,675
2029 Projected Home Value: $320,095
2030 Projected Home Value: $342,576
2031 Projected Home Value: $329,120
2032 Projected Home Value: $333,728
2033 Projected Home Value: $338,400
2034 Projected Home Value: $343,138
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76016: Arlington
April 2024 Home Value: $357,199
1-Year Growth Projection (%): -0.50
2025 Projected Home Value: $355,413
2026 Projected Home Value: $353,636
2027 Projected Home Value: $351,868
2028 Projected Home Value: $350,109
2029 Projected Home Value: $348,358
2030 Projected Home Value: $346,616
2031 Projected Home Value: $344,883
2032 Projected Home Value: $343,159
2033 Projected Home Value: $341,443
2034 Projected Home Value: $339,736
7643: Chico
April 2024 Home Value: $346,296
1-Year Growth Projection (%): -0.20
2025 Projected Home Value: $345,603
2026 Projected Home Value: $344,912
2027 Projected Home Value: $344,222
2028 Projected Home Value: $343,534
2029 Projected Home Value: $342,847
2030 Projected Home Value: $342,161
2031 Projected Home Value: $341,447
2032 Projected Home Value: $340,794
2033 Projected Home Value: $340,112
2034 Projected Home Value: $339,432
Pictured: Longview, Texas
78575: Rancho Viejo
April 2024 Home Value: $303,609
1-Year Growth Projection (%): 1.10
2025 Projected Home Value: $306,949
2026 Projected Home Value: $310,326
2027 Projected Home Value: $313,739
2028 Projected Home Value: $317,190
2029 Projected Home Value: $320,679
2030 Projected Home Value: $324,207
2031 Projected Home Value: $327,773
2032 Projected Home Value: $331,379
2033 Projected Home Value: $335,024
2034 Projected Home Value: $338,709
Methodology: GOBankingRates took the overall U.S. median home value and projected its growth and decline over 10 years using Zillow’s April 2024-25 one-year forecast. This projection was then compared to the projections of the 788 zip codes in Texas that currently have home prices below the national median, with those rising above the national average in the next 10 years (plus its projected growth rate over the same period) being deemed “a place you could no longer afford.” For each Texas zip code over the next decade, GOBankingRates found the following factors: (1) year the Texas zip code will become a “place you could no longer afford”; (2) projected home value for that year; and (3) US average projected home value for that year. NOTE: GOBankingRates does not expect growth in home value to stay stagnant at one current rate for the next decade, but using these constant figures gives us an idea where certain markets are heading without unforeseen market disruptors in the future. All data used to conduct this study was compiled and verified on May 29, 2024.
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This article originally appeared on GOBankingRates.com: In Less Than a Decade, You Won’t Be Able To Afford Homes in These 20 Texas ZIP Codes
