Home Values

75224 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in 75224 is $82, which is lower than the Dallas average of $135. The median price of homes currently listed in 75224 is $122,900 while the median price of homes that sold is $110,835. The median rent price in 75224 is $605, which is lower than the Dallas median of $1,327.

Foreclosures will be a factor impacting home values in the next several years. In 75224 6.7 homes are foreclosed (per 10,000). This is greater than the Dallas value of 4.6 and also greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 75224 is 7.0%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 75224 homeowners underwater on their mortgage is 11.6%, which is lower than Dallas at 13.1%.

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Relative ZHVI
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75224 Market Overview

Data through Nov 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $122,900 Median listing price
  • $110,835 Median sale price (Oct 31, 2014)
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75224 Market Health

Data through Nov 30, 2014
  • No recent data
  • No data Average days on Zillow
  • 11.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.7 homes 75224
4.6 homes Dallas
4.2 homes United States
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $532,200
New York Metro $382,900
Washington Metro $361,500
Name Median ZHVI
Miami-Fort Lauderdale Metro $208,000
Philadelphia Metro $203,600
Chicago Metro $188,800
Name Median ZHVI
Atlanta Metro $154,000
Houston Metro $151,800
Dallas-Fort Worth Metro $150,900

Listings & Sales

Data through Nov 30, 2014
  • $82 Median list price / sq ft
  • $84 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
15.1%
Sold below listing
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75224 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,107 75224
    $1,244 Dallas
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $605 Rent list price (Sep 30, 2014)
  • $0.78 Rent list price / sq ft (Sep 30, 2014)
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