76017, Arlington, TX

Arlington, TX is a suburb of Dallas and has a population of over 500,000. Home prices in the 76017 zip code have increased by an average of 9% since 2007. In the past year alone, home prices have increased by an average of 6%. The median home value in the 76017 zip code is $269,500.

The primary reason for the increase in home values is due to strong demand from buyers and limited supply. There are currently only 2,000 homes available for sale in the 76017 zip code which has resulted in a high demand for housing. Additionally, Arlington has been experiencing very low unemployment rates which has led to more people being able to afford homes.

There are some potential risks that could affect home values in the 76017 zip code. If there were a sudden increase in interest rates or if there were any major changes to the economy that would make it harder for people to afford homes, then prices could decrease.