Texas Reveals Its Most Expensive ZIP Codes

News Summary

Recent research highlights Texas’ wealthiest ZIP codes, showcasing the affluent areas where home prices have surged. Leading the pack is Highland Park, with median home values skyrocketing. Other notable mentions include University Park and various upscale neighborhoods in Austin and Houston. This analysis indicates a concentrated wealth across specific metropolitan locales, signaling continued growth in Texas’ housing market and appealing investment opportunities.

Texas Unveils Its Priciest ZIP Codes in 2024 Rankings

Hey there, Texas! We know everything’s bigger in the Lone Star State, and it seems that the price tags on our homes are no exception. Recent research has shed light on Texas’ wealthiest ZIP codes, giving us a glimpse into where the affluent folks are settling down in 2024. So, grab your coffee and let’s dive into the numbers!

Where the Wealth is Concentrated

The analysis, which utilizes data from Zillow’s home value index, offers some impressive insights into the economic landscape of our lovely state. By observing monthly home values from November 2024 and averaging the previous year, it shows that Texas has experienced hefty growth in its housing market over the last decade.

Curiously, the top 30 most expensive ZIP codes are primarily found in just a handful of metropolitan areas—further emphasizing how wealth tends to cluster in certain locales.

The Cream of the Crop: Highland Park

Taking the coveted title of the most expensive ZIP code in Texas is 75205, located in Highland Park just north of downtown Dallas. This upscale neighborhood boasts a staggering 48% of households earning $200,000 or more every year. With a median household income sitting at $188,396 and a mean income soaring to $328,834, it’s no wonder this area garners such buzz.

But hold on to your wallets, because the home values have skyrocketed! In just five years, the median home value in 75205 jumped by an astounding 72.4%, rising from $1.115 million in November 2019 to a jaw-dropping $1.922 million in November 2024. Notably, the increase from the previous year alone stood at 6.4%—impressive, wouldn’t you say?

University Park Takes a Close Second

Not too far behind is the second most expensive ZIP code—75225, centered around University Park. Residents here enjoy a median household income of $189,985 along with an average income of $327,179. Home values have also seen remarkable advancements, ensuring that this area remains desirable; they appreciated by 72.6% over five years, reaching an impressive $1.860 million in November 2024.

Austin’s Upscale Neighborhoods Join the List

Next up is 78746, just outside the lively city of Austin. With a median household income of $183,028 and an average of $277,896, this ZIP code has also seen a substantial appreciation in home values—albeit a slight decrease this past year. From $973,920 in November 2019 to over $1.636 million today, that’s still quite a leap, even with a 3.7% dip recently!

Houston’s West University Place

Coming in fourth is 77005, covering West University Place and the renowned Rice University in Houston. With a median household income at a hefty $215,708 and an average of $338,011, this area shows promise. The home values here have risen by 32.8% over the past five years, pushing the median from $1.163 million to $1.545 million.

Closing Out the Top Five with Austin Again

Rounding out the top five is 78703 in Austin, where the median household income is lower at $144,637, with an average of $242,627. In the last five years, home values have indeed grown, reaching just over $1.3 million from $902,403—a whopping 44.2% increase!

The Bigger Picture

So, what does this all mean? Well, many of the wealthiest neighborhoods are huddled together in areas like North Dallas, Frisco, and parts of Denton County. Traditional hotspots like University Park and Highland Park continue to shine, but we’re also seeing newer areas entering the ranks. For instance, Southlake shines with a reported median household income exceeding $250,000, putting it among the highest in the state.

As these trends continue, it’s clear that Texas’s housing market remains dynamic, with substantial opportunities for growth and investment. If you’re thinking about moving to one of these high-end enclaves, now is an excellent time to keep an eye on the numbers!

Deeper Dive: News & Info About This Topic

• Forbes: Most Expensive ZIP Codes in Texas
• Dallas Observer: Wealthiest Dallas ZIP Codes
• WFAA: Wealthiest ZIP Code in DFW
• SI Live: Wealthiest Suburb Outside NYC
• iHeart: Most Expensive Homes in Texas ZIP Code
• Wikipedia: ZIP Code
• Encyclopedia Britannica: Real Estate
• Google Search: Texas ZIP Codes Wealth
• Google Scholar: Texas Housing Market
• Google News: Wealthiest ZIP Codes Texas