The story of this market
The typical home in ZIP 75233 sells for about $297,000, or $205 per square foot.
Prices are down 27.2% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $2,400 a month.
ZIP 75233 — Dallas
The 75233 housing market is experiencing a significant price correction with a year-over-year decline of 27.2%. High poverty rates and a competitive but cooling market environment are driving lower transaction volumes and increased days on market.
This ZIP is primarily suited for budget-conscious families and first-time buyers looking for proximity to downtown Dallas without the premium prices of northern suburbs.
Median prices moved down 27.2% year over year.
Homes spend a median of 58 days on market with 3.8 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 41.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 75233, Dallas County TX
Crime trends in the 75233 area are generally higher than the national average, consistent with urban patterns in southern Dallas.
Schools serving the area are part of the Dallas Independent School District, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily an urban environment with standard risks for wind and storm damage common to North Texas; flood risk is localized to specific drainage zones.
Economic momentum is driven by proximity to the Dallas employment core, though the area itself has limited large-scale commercial development compared to northern suburbs.
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 highways like I-35E and US-67, providing a commute to downtown Dallas typically ranging from 15 to 30 minutes depending on traffic.
The area features local community parks and is within a short drive of larger regional greenbelts and the amenities of the Bishop Arts District.
The rental market is characterized by a high share of renter-occupied units, with steady demand but significant pressure from aging housing stock.
The economy is heavily influenced by the broader Dallas-Fort Worth labor market, with significant employment in logistics, healthcare, and retail services.
The area is served by DART bus routes and is positioned near major highway interchanges, facilitating regional transit.
Development is largely focused on urban revitalization and the improvement of existing infrastructure corridors.
The Dallas Central Appraisal District manages assessments for all properties, with annual updates based on market sales data.
Parcels are subject to Dallas ISD, Dallas County, and City of Dallas tax levies, with no major MUDs reported.
Property insurance premiums are rising due to regional exposure to severe weather events, including hail and wind storms.
Texas continues to see positive net domestic migration, though specific ZIP-level migration data is not published.
Texas is a non-judicial foreclosure state with relatively short timelines for the foreclosure process.
Sellers are required to provide a standard Seller's Disclosure Notice detailing the condition of the property.
Data retrieved from Census Reporter and data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Six Flags Over Texas4.312.1 mi
- Great Wolf Lodge | Grapevine4.119.7 mi
- Traders Village Grand Prairie4.510.4 mi
- Epic Waters Indoor Waterpark4.49.2 mi
- Hurricane Harbor Arlington4.112.8 mi
- AT&T Stadium4.713.1 mi
- Six Flags Over Texas4.312.1 mi
- American Airlines Center4.66.9 mi
- Globe Life Field4.712.6 mi
- Kay Bailey Hutchison Convention Center Dallas4.36.4 mi
- Six Flags Over Texas4.312.1 mi
- The Dallas Arboretum and Botanical Garden4.712.2 mi
- The Dallas World Aquarium4.46.7 mi
- Dallas Zoo4.54.2 mi
- Perot Museum of Nature and Science4.76.8 mi
- Perot Museum of Nature and Science4.76.8 mi
- Dallas Museum of Art4.77.1 mi
- Fair Park4.58.3 mi
- The Sixth Floor Museum at Dealey Plaza4.66.4 mi
- Museum of Illusions4.56.5 mi
- The Dallas Arboretum and Botanical Garden4.712.2 mi
- Dallas Zoo4.54.2 mi
- Klyde Warren Park4.77.1 mi
- Fair Park4.58.3 mi
- Cedar Ridge Preserve4.86.8 mi
- Dallas Country Club4.610 mi
- Tenison Park Golf Course410.1 mi
- Stevens Park Golf Course4.23.9 mi
- Brook Hollow Golf Club4.68.9 mi
- Las Colinas Country Club4.611.7 mi
- NorthPark Center4.612.7 mi
- Grand Prairie Premium Outlets4.410.7 mi
- Traders Village Grand Prairie4.510.4 mi
- Irving Mall3.811.8 mi
- Dallas Farmers Market4.56.9 mi
- Dallas Fort Worth International Airport4.116.2 mi
- Dallas Love Field4.49.7 mi
- Arlington Memorial Hospital Heliport4.414.5 mi
- Capital One Lounge at DFW416.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large regional park featuring trails, sports fields, and recreational facilities.
Provides hiking and biking trails in a natural setting.
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.