January's First-Time Homebuyer Report for 75040 Zip Code

75040 is a zip code in Texas. It's affluent and the cost of living is expensive compared to the rest of the state, with a median income of $56,337 per household and cost of living adjustment score of 92.8. The 75040 zip code is made up of homes that are considered relatively old with a median of 32 years. Heading the list of top schools in the zip code is Walnut Glen Academy for Excel.

Culture

If you're looking to explore the best restaurants in 75040, then check out Houlihan's, Babe's Chicken Dinner House, and Gloria's, Foursquare's most popular places to eat. One of the most popular places to get a drink is Houlihan's. Lastly, Barnes & Noble is a well-known place to get some coffee.

Price Range

Home values in the 75040 zip code are generally in line with others in the state with a median home value of $108,400 and an average list price of $197,628. Over the last 30 days, 40 homes were sold in the 75040 zip code market, down 2.4%. Additionally, the market is still in a new downward trend overall.

Make sure you take a look at these eye-catching homes in the 75040 zip code that generated the most views from potential buyers:

$130K   $185K   $209K  

Typical Dwelling

The typical dwelling in the 75040 zip code is a three-bedroom detached home worth about $163,715. To purchase a similar home, a buyer with good credit and a $32,743 cash down payment could obtain a mortgage with a 3.95% interest rate and a $999 monthly payment. The property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out 75040 homes for sale or reviewing 75040 real estate trends.


Data reported through 1/12/2017

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