Weather Data Source: weather in Texas

Texas Reveals Its Most Expensive ZIP Codes

Upscale Texas Neighborhoods

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 has revealed its most expensive ZIP codes as part of its 2024 rankings, highlighting a concentration of wealth in certain metropolitan areas. The data, drawn from Zillow’s home value index, reflects a robust housing market with significant growth over the past decade. The analysis considered monthly home values from November 2024 and averaged the median home values over the past year, from December 2023 to November 2024.

The topmost ZIP code, 75205, is situated in Highland Park, just north of downtown Dallas, boasting the highest home prices in the state. In this area, nearly half (48%) of households earn $200,000 or more annually. The median household income in ZIP code 75205 stands at $188,396, while the mean household income is significantly higher at $328,834. Over the past five years, home values in this affluent area have skyrocketed by 72.4%, escalating from $1.115 million in November 2019 to an impressive $1.922 million in November 2024. Moreover, from 2023 to 2024 alone, home values in 75205 increased by 6.4%.

Following closely is the second most expensive ZIP code, 75225, located in the University Park area. Here, the median household income is slightly higher at $189,985, with the average household income at $327,179. The home values in 75225 also experienced a remarkable surge, appreciating by 72.6% in five years to reach $1.860 million as of November 2024, marking an 8.4% increase from the previous year.

The third spot on the list is held by ZIP code 78746, close to Austin. This area reports a median household income of $183,028, with the average household income at $277,896. Home values here grew by 68.1%, starting at $973,920 in November 2019 and reaching just over $1.636 million in November 2024. However, it should be noted that home values in this ZIP code saw a slight decrease of 3.7% from the previous year.

ZIP code 77005, encompassing West University Place and Rice University in Houston, ranks fourth with a median household income of $215,708 and an average income of $338,011. The home values in this area rose by 32.8%, climbing from $1.163 million to $1.545 million.

Lastly, the fifth most expensive area, 78703 in Austin, has a median household income of $144,637 and an average household income of $242,627. Home values in this ZIP code increased by 44.2%, growing from $902,403 in 2019 to just over $1.3 million in 2024.

This recent analysis highlights that many of Texas’ wealthiest areas are primarily located in the prosperous regions of North Dallas, Frisco, and parts of Denton County. Traditional affluent neighborhoods like University Park and Highland Park continue to dominate the rankings, while new upscale areas are increasingly emerging. Southlake, for example, boasts a median household income exceeding $250,000, marking its presence among the state’s highest earning communities.

Overall, the data encapsulates a significant trend within the Texas housing market, where high incomes and surging home values demonstrate a growing divide in wealth concentration across the state. As housing prices continue to climb, understanding these economic dynamics becomes increasingly essential for residents and prospective homeowners alike.

Deeper Dive: News & Info About This Topic

STAFF HERE GEORGETOWN
Author: STAFF HERE GEORGETOWN

The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.

ADD MORE INFORMATION OR CONTRIBUTE TO OUR ARTICLE CLICK HERE!
Advertising Opportunity:

Stay Connected

More Updates

Lucchese Flagship Store Interior

Lucchese Opens Flagship Store in El Paso

News Summary Lucchese Bootmaker is set to unveil its flagship store in El Paso, bringing over 140 years of exquisite craftsmanship and luxury cowboy boots

Would You Like To Add Your Business?

Sign Up Now and get your local business listed!