75050, Grand Prairie, TX

The 75050 zip code of Grand Prairie, TX has a median home value of $130,000 and a median home equity value of $119,000. The 75050 zip code has a population of around 114,000 people and is located in Dallas County.

The average home price in the 75050 zip code increased by 5.8% from 2016 to 2017. The average home equity value increased by 6.4% from 2016 to 2017. This indicates that there is an increasing demand for homes in the 75050 zip code and that homeowners are doing well financially.

There are several factors that may be contributing to this trend:

-The availability of affordable housing: In Grand Prairie, TX, the median list price for a single-family home is $149,900 which is below the national average of $247,500. Additionally, there are numerous neighborhoods in Grand Prairie that have lower priced homes available for purchase or rent.

-Low interest rates: The interest rate on mortgages in the 75050 zip code was 3.5% as of September 2018 which is below the national average of 4%. This means that homeowners can afford to borrow more money to buy or upgrade their homes without having to pay high interest rates on their loans.

-Strong economy: The economy has been strong throughout most of 2018 and 2019 which may have contributed to higher prices for homes in Grand Prairie as buyers may feel more confident about investing in property here now than they did earlier this year or last year.