75243, Dallas, TX

Home Equity and Home Prices in the 75243 Zip Code of Dallas, TX

The home equity and home prices in the 75243 zip code of Dallas, TX are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, approximately 54% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of 33%.

One reason for this high level of home equity and home prices in the 75243 zip code of Dallas, TX may be due to its strong economy. The unemployment rate here is only 4%, which is much lower than the national average unemployment rate of 6%. Additionally, wages have been increasing rapidly here over the past few years, which may also contribute to high levels of home equity and home prices.

Despite these high levels of home equity and home prices, it's important to remember that homeownership rates in this zip code are still very high. Approximately 83%of homes here are owned by homeowners versus only 17% that are rented. This suggests that there is still a lot of demand for homes in this zip code despite elevated levels of home equity and home prices.