75042, Garland, TX

Garland, TX is located in Dallas County and has a population of over 214,000. The 75042 zip code has a median home value of $157,500 and a median household income of $75,000. Approximately one-third (32%) of households in the 75042 zip code own their homes outright while the remaining two-thirds (66%) are homeowners with a mortgage.

The average home price in the 75042 zip code increased by 7% from January to December 2017 compared to the same period last year. This was largely due to an increase in sales prices across all types of homes, although prices for single family homes were more than double that of condos and townhomes. The average sale price for a single family home was $236,500 while condos and townhomes sold for an average of $130,000 and $132,500 respectively.

The increase in home values has been mirrored by an increase in monthly mortgage payments across all types of mortgages within the 75042 zip code. The average mortgage payment for homeowners with a mortgage is now $1,078 per month which is up from $972 per month during the same period last year.