75855, Oakwood, TX

The Oakwood, TX 75855 zip code has a population of around 21,000 people and is located in Dallas County. The median home value in the zip code is $179,900 which is significantly higher than the national median home value of $161,600. In addition, the Oakwood zip code has a homeownership rate of around 81% which is significantly higher than the national homeownership rate of 63%.

One reason that the home values in the Oakwood zip code are so high is that there are a lot of affluent residents living in this area. In addition, many homes in this area were built between 1990 and 2000 which means that they are generally newer and have more features than homes built before 1990. Furthermore, there is a lot of demand for housing in the Oakwood zip code because it is located close to some major businesses and attractions such as Dallas/Fort Worth International Airport and The Galleria Mall.

Despite these factors, there are some risks associated with buying or owning a home in the Oakwood zip code. For example, there has been an increase in crime rates over recent years which could make it difficult for buyers to feel safe in their homes. Additionally, although prices have increased over time, they could also decrease if interest rates rise or if there are any other economic setbacks.