75207, Dallas, TX

Home Equity and Home Prices in the 75207 Zip Code of Dallas, TX

The home equity and home prices in the 75207 zip code of Dallas, TX are very high. The median home value in this zip code is $213,000, which is more than double the national median home value of $116,500. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. Approximately 68% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 43%.

One reason for this high level of home equity and home prices in the 75207 zip code of Dallas, TX may be due to its high level of income and wealth inequality. The median household income in this zip code is $101,000, which is lower than the national median household income but higher than the median household income for all other ZIP codes in Texas. Additionally, there is a large concentration of wealth (measured by net worth) in this zip code. The percentage of households with a net worth greater than $1 million is almost twice as high as the national average. This may be one factor contributing to the high level of home equity and home prices here.