75094, Plano, TX

The 75094 zip code of Plano, TX has a median home value of $219,000 and a median home equity value of $136,000. The average home price in the 75094 zip code has increased by 10.5% over the past year and is projected to increase by an additional 7.5% in the next year. This growth is due to strong demand for housing in the area as well as limited supply.

The average household income in the 75094 zip code is $101,000 which is higher than the national average of $67,500. This high income level results in a relatively low percentage of households living below the poverty line (10%) compared to other areas of Texas (20%). Additionally, there are a large number of households that have incomes above $200,000 which indicates that there is a high level of wealth and prosperity within this area.

One factor that has contributed to this growth in home values is the low rate of unemployment within the 75094 zip code. The unemployment rate currently stands at 3%, which is much lower than other areas within Texas (6%). This low unemployment rate allows for more people to enter into homeownership and purchase homes at higher prices. Additionally, many people who are already homeowners are able to keep their homes because there is not an abundance of available housing options for those who want to move out-of-state or who cannot afford to buy a house outright.