Zip Code:

76013, Arlington, TX

76013 is a Texas Zip code within the city of Arlington and the county of Tarrant County. Its population is roughly 34,203.

The Real Estate Market in Arlington, TX

Arlington, TX is a city located in the Dallas-Fort Worth metroplex. As of the 2010 census, the city had a population of 751,879. The 76013 zip code covers much of Arlington and includes many affluent neighborhoods such as The Parks at Arlington, Victory Park, and Highland Park. Home prices in this zip code have increased significantly over the past few years and are now some of the highest in the Dallas-Fort Worth metroplex.

According to Zillow’s 2018 National Home Value Index report, home values in 76013 averaged $269,200 (up 12% from 2017). This ranks fourth highest out of all zip codes in Texas and seventh highest nationally. In addition to being high priced, homes in this zip code are also relatively new - only 38% were built before 1990. This is well below average for both Texas (53%) and the United States (63%).

One reason for this high demand and price appreciation may be that 76013 is located within close proximity to several major employers including The Children’s Medical Center of Dallas at Baylor Scott & White Health (just 2 miles away), ExxonMobil Corporation (5 miles away), American Airlines Center (7 miles away), and Toyota Motor North America Headquarters (10 miles away). These companies have been able to attract top talent with generous benefits packages which has helped drive up home prices even further.

Despite these positive factors, there are some potential risks associated with buying or owning a home in 76013. For example, although Arlington is generally safe , there have been a few high-profile incidents recently including two shootings near American Airlines Center that left two people dead . Additionally , although housing prices have increased rapidly over the past few years , they could eventually decline if interest rates rise or if another recession hits . In either case , homeowners who are unable or unwilling to sell their homes may find themselves facing significant losses .

Overall , despite some risks associated with buying or owning a home in 76013 , it appears that residents here are enjoying strong market conditions which should continue into 2019 .

Price Index: Fort Worth-Arlington-Grapevine, TX (MSAD)

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