The housing market in 75224 Dallas, TX is quite lucrative right now. The median value of homes in this area is $242,000 - significantly lower than the national median value of $338,100. However, while the US has seen an appreciation of 8.27% in the past year, homes in 75224 have appreciated by 13.78%, making it a great time to invest in this area. With increasing prices and low initial cost compared to other areas in the country, 75224 Dallas, TX offers a unique opportunity for home buyers to get into a great neighborhood without breaking the bank.
The median home cost in Dallas (zip 75224) is $242,000. Home appreciation the last 10 years has been 146.5%. Home Appreciation in Dallas (zip 75224) is up 22.5%.
Average Age of Homes
- The median age of Dallas (zip 75224) real estate is 57 years old
The Rental Market in Dallas (zip 75224)
- Renters make up 44.2% of the Dallas (zip 75224) population
- 3.2% of houses and apartments in Dallas (zip 75224), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.