75218 Zip Code's January First-Time Homebuyer Report

75218 is a larger than average zip code in Texas with 24,530 residents. Its population is also growing slightly faster than others at a 10-year growth rate of 12.8%. Keep in mind, most people in the 75218 zip code own their homes, with a 53.0% ownership ratio. Heading the list of top schools in the zip code is Booker T Washington Spva Magnet.

Culture

According to Foursquare, Boomer Jack Wings is the most popular spot to grab a drink in 75218. If you're looking to get a cup of coffee, a favorite is Starbucks. You could also check out the popular Albertsons, Petco, and Garland Thrift Store to do some shopping.

Price Range

The median value of homes in the 75218 zip code is $213,100, making it one of the most valuable areas in Texas. At the same time, the average list price of available homes is presently $442,853. With home sales in the 75218 zip code market already below average, in this week's report they slid 12.1% to 29 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 75218 zip code:

$2.3M   $540K   $850K  

Typical Dwelling

A three-bedroom detached home valued around $365,215 is considered a typical dwelling in the 75218 zip code. If a buyer was looking for a similar home, they would need good credit and a $73,043 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,855 and the property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out 75218 homes for sale or reviewing 75218 real estate trends.


Data reported through 1/12/2017

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Dallas City Center Realtors
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Faramarz Fred Zahedi
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