The story of this market
The typical home in ZIP 75231 sells for about $589,825, or $258 per square foot.
Prices are up +4.3% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 75231 — Dallas
The 75231 housing market shows moderate price appreciation with a median sale price of $589,825, reflecting a somewhat competitive environment. Market data indicates a high concentration of renters and a stable, albeit dense, urban residential landscape. Several metrics, such as specific months of supply and detailed price-cut percentages, are not currently published for this ZIP code.
This ZIP is well-suited for commuters and renters seeking central access to Dallas, as well as investors looking for high-density residential opportunities in an established urban corridor.
Median prices moved up 4.3% year over year.
Homes spend a median of 42 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 20.6% — a mixed stability profile.
ZCTA 75231, Dallas County TX
The area is served by the Dallas Independent School District, which maintains a diverse range of public school options with varying performance ratings.
The area is subject to standard North Texas climate risks, including severe thunderstorms and occasional high-wind events; property insurance premiums are influenced by regional hail and wind exposure.
The ZIP benefits from its proximity to major Dallas employment hubs and ongoing urban infill development, though specific large-scale corporate campus announcements within the ZIP boundaries are limited.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents have direct access to major thoroughfares like US-75, providing a central commute to Downtown Dallas and the surrounding employment corridors.
The area features proximity to local parks and greenbelts, with convenient access to shopping and dining districts along the North Central Expressway corridor.
The rental market is characterized by a high share of renter-occupied units, with significant apartment density and competitive pricing relative to the broader Dallas metro area.
The local economy is anchored by the broader Dallas-Fort Worth employment market, with a mix of service, retail, and professional sectors.
The area is highly accessible via the US-75 highway corridor, which serves as the primary transit spine for the region.
Development activity is primarily focused on urban infill and the modernization of existing residential and commercial stock.
The Dallas Central Appraisal District manages property assessments for the county, utilizing mass appraisal techniques to determine market value for tax purposes.
Parcels are subject to Dallas Independent School District taxes and various municipal utility and service district levies.
Property insurance markets in the region are sensitive to severe weather events, particularly hail and wind, which drive premium adjustments.
Data retrieved from Census Reporter and ACS profiles.
- Great Wolf Lodge | Grapevine4.118.2 mi
- Meow Wolf Grapevine's The Real Unreal4.417.7 mi
- Andretti Indoor Karting & Games The Colony414.8 mi
- Cidercade Dallas4.77.4 mi
- LEGOLAND® Discovery Center Dallas/Fort Worth3.917.8 mi
- American Airlines Center4.67 mi
- Kay Bailey Hutchison Convention Center Dallas4.37.7 mi
- Texas Trust CU Theatre4.415.3 mi
- Meow Wolf Grapevine's The Real Unreal4.417.7 mi
- Fair Park4.57 mi
- The Dallas Arboretum and Botanical Garden4.74.5 mi
- The Dallas World Aquarium4.47.3 mi
- Dallas Zoo4.510.2 mi
- Perot Museum of Nature and Science4.77.1 mi
- Klyde Warren Park4.76.8 mi
- Perot Museum of Nature and Science4.77.1 mi
- Dallas Museum of Art4.76.9 mi
- Meow Wolf Grapevine's The Real Unreal4.417.7 mi
- Fair Park4.57 mi
- The Sixth Floor Museum at Dealey Plaza4.67.6 mi
- The Dallas Arboretum and Botanical Garden4.74.5 mi
- Dallas Zoo4.510.2 mi
- Klyde Warren Park4.76.8 mi
- Fair Park4.57 mi
- Arbor Hills Nature Preserve4.812.8 mi
- Corinthian Sailing Club4.63.2 mi
- Topgolf Dallas4.40.9 mi
- Brookhaven Country Club4.47.4 mi
- Dallas Country Club4.64.1 mi
- Golf Ranch Richardson4.78.3 mi
- Tenison Park Golf Course45.9 mi
- Galleria Dallas4.55.1 mi
- NorthPark Center4.61.4 mi
- Town East Mall4.29.1 mi
- Dallas Farmers Market4.57.4 mi
- Dallas Fort Worth International Airport4.116.5 mi
- Dallas Love Field4.46 mi
- Arlington Memorial Hospital Heliport4.422.8 mi
- Capital One Lounge at DFW416.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major commercial artery providing extensive retail and dining options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Governs Edmonds Ranch
Governs Del Webb at Legacy Hills
Governs Benson Place
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.