75025, Plano, TX

Home Equity and Home Prices in the 75025 Zip Code of Plano, TX

The 75025 zip code of Plano, TX has a median home value of $224,500. This is a decrease from the previous year when the median home value was $236,000. The average home price in this zip code has increased by 2.5% over the past year. There are currently 1,812 homes for sale in this zip code which is an increase from 1,795 homes for sale at this time last year. The average list price for a home in this zip code is $269,900 which is an increase from $265,000 at this time last year.

There are many factors that contribute to changes in home values and prices including market conditions and local trends. Over the past twelve months there have been several significant events that have impacted the market including:

-The passage of Proposition 13 which decreased property taxes

-A slowdown in the economy that has led to less demand for housing

-Low interest rates that have made it more affordable to borrow money to purchase a home

Despite these challenges there are still many people who are interested in purchasing or selling homes within the 75025 zip code. In fact according to Realtor Association of Greater Dallas's 2017 Profile of Home Buyers and Sellers report approximately 60% of all transactions within this zip code were either new or resale purchases within the past twelve months. This indicates that there is still strong demand for housing within this area even though some challenges may exist.