75228, Dallas, TX

Home Equity and Home Prices in the 75228 Zip Code of Dallas, TX

The home equity and home prices in the 75228 zip code of Dallas, TX are very high. In fact, according to Zillow, the median home value in this zip code is $269,900. This is a far cry from some of the other zip codes in Dallas which have median home values that are much lower. For example, the median home value in ZIP code 75205 is only $153,200.

One reason for this high home equity and home prices in the 75228 zip code of Dallas may be due to its location. The zip code encompasses a large portion of downtown Dallas which has been experiencing an upswing in both population and economic activity over recent years. Additionally, many luxury apartments and condos have been built within this area which has also contributed to the high demand for housing here.

Another factor that may contribute to the high home equity and home prices in the 75228 zip code of Dallas is its low unemployment rate. According to Indeed, as of May 2017 there were only 2% unemployment rates within this zip code compared to a citywide average of 3%. This low unemployment rate may make it more difficult for people who want to purchase a house or invest in property here because there are not as many opportunities available as there would be if the unemployment rate was higher.