75087, Rockwall, TX

The 75087 zip code of Rockwall, TX is located in the Dallas-Fort Worth metro area. The median home value in this zip code is $217,000. The home equity index for this zip code is 109.7%. This means that the average homeowner in this zip code has a home equity of 109.7% of their original purchase price.

In terms of home prices, Rockwall has seen a moderate increase over the past few years. In January 2017, the median home value was $215,000 and by January 2018 it had increased to $217,000. This modest increase in prices can be attributed to several factors including population growth (the city has seen an increase of about 10% since 2010), low interest rates and limited inventory availability due to stricter lending criteria imposed by banks during the recent housing market crash.

Despite these positive trends, there are still some areas within Rockwall where homes are selling for significantly less than the surrounding areas. For example, homes within 0-5 miles of I-30 sell for an average of $190K while those within 5-10 miles sell for an average of $235K. This discrepancy may be attributable to a number of factors such as location (close to amenities or businesses), size/condition/features (luxury vs budget) and price point (higher priced homes closer to downtown tend to sell faster).

Overall, homeownership rates in Rockwall remain high compared to other parts of Texas and nationwide; however there are still opportunities available for those looking to purchase a home in this area at a reasonable price point.