News Summary
Recent research highlights Texas’ wealthiest ZIP codes, showcasing the affluent areas where home prices have surged. Leading the pack is Highland Park, with median home values skyrocketing. Other notable mentions include University Park and various upscale neighborhoods in Austin and Houston. This analysis indicates a concentrated wealth across specific metropolitan locales, signaling continued growth in Texas’ housing market and appealing investment opportunities.
Texas has revealed its most expensive ZIP codes for 2024, showcasing a significant concentration of wealth and exceptional growth in the housing market. The analysis, grounded in data from Zillow’s home value index, looked at monthly home values from November 2024 and averaged median home values from December 2023 to November 2024. The results highlight the ongoing trend of rising home values in prime neighborhoods across the state’s major metropolitan areas.
Leading the rankings is ZIP code 75205, situated in Highland Park just north of downtown Dallas. This affluent area has a staggering median home value of $1.922 million, reflecting a significant increase of 72.4% over five years. The household income figures underscore the area’s prosperity, with 48% of households earning $200,000 or more annually. The median household income stands at $188,396, while the mean household income soars to $328,834. Home values in this area appreciated by 6.4% from 2023 to 2024.
In second place is ZIP code 75225, centered around University Park. This region has a median home value of $1.860 million, showing a remarkable 72.6% increase from five years prior. The median household income in this area is $189,985, with an average household income of $327,179. Home values here increased by 8.4% from the previous year, further establishing University Park as a desirable locale.
Third on the list is ZIP code 78746, located near Austin, with a median home value of just over $1.636 million. Although this area saw significant growth, with home values rising by 68.1% from November 2019, it experienced a slight decrease of 3.7% from the previous year. The median household income is reported at $183,028, with an average income of $277,896.
ZIP code 77005, which covers West University Place and Rice University in Houston, comes in fourth with a median home value of $1.545 million. This area enjoys a median household income of $215,708 and an average household income of $338,011. Home values increased by 32.8% over five years, marking it as a notable contender among Texas’ wealthiest areas.
Lastly, ZIP code 78703, also in Austin, rounds out the top five, where median home values grew by 44.2% to reach just over $1.3 million. Residents in this area boast a median household income of $144,637 and an average income of $242,627.
The analysis also reveals that many of the wealthiest neighborhoods in Texas are clustered in areas surrounding North Dallas, Frisco, and parts of Denton County. Long-standing affluent locales such as University Park and Highland Park remain at the forefront, although new areas are emerging as potential hotspots for luxury living. For instance, Southlake has recorded a median household income exceeding $250,000, positioning it among the highest in the state.
This data highlights Texas’s robust real estate market and evolving demographics, drawing attention not only for its growth but also for the socioeconomic factors contributing to these valuations. As more affluent residents seek residences in these coveted ZIP codes, the trend of rising home values is expected to continue, solidifying Texas’s reputation as a state that fosters wealth concentration and economic development.
Deeper Dive: News & Info About This Topic
- Forbes: Most Expensive ZIP Codes in Texas
- Dallas Observer: Wealthiest Dallas ZIP Codes
- WFAA: Wealthiest ZIP Code in DFW
- SI Live: Wealthiest Suburb Outside NYC
- iHeart: Most Expensive Homes in Texas ZIP Code
- Wikipedia: ZIP Code
- Encyclopedia Britannica: Real Estate
- Google Search: Texas ZIP Codes Wealth
- Google Scholar: Texas Housing Market
- Google News: Wealthiest ZIP Codes Texas
Author: STAFF HERE COLLEGE WRITER
The COLLEGE STATION STAFF WRITER represents the experienced team at HERECollegeStation.com, your go-to source for actionable local news and information in College Station, Brazos County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Brazos Valley Fair & Rodeo, Chilifest, and Aggie Muster. Our coverage extends to key organizations like the Bryan-College Station Chamber of Commerce and United Way of the Brazos Valley, plus leading businesses in education, biotechnology, and retail that power the local economy such as Texas A&M University, Fujifilm Diosynth Biotechnologies, and H-E-B. As part of the broader HERE network, including HEREAustinTX.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
