News Summary
Recent research highlights Texas’ wealthiest ZIP codes, showcasing the affluent areas where home prices have surged. Leading the pack is Highland Park, with median home values skyrocketing. Other notable mentions include University Park and various upscale neighborhoods in Austin and Houston. This analysis indicates a concentrated wealth across specific metropolitan locales, signaling continued growth in Texas’ housing market and appealing investment opportunities.
Texas Unveils Its Priciest ZIP Codes in 2024 Rankings
Texas has been identified as home to the most expensive ZIP codes in the nation for the year 2024, with Highland Park taking the top spot for wealthy residents. Recent analysis based on Zillow’s home value index reveals significant growth in the Lone Star State’s housing market, showcasing preferred locales for affluent individuals and families.
The Concentration of Wealth
The study evaluated monthly home values from November 2024, averaging over the preceding year, and highlights that the majority of Texas’ most costly ZIP codes are clustered in a few metropolitan areas. This trend emphasizes how economic prosperity is often concentrated in specific regions.
Highland Park Leads the Pack
Claiming the title for most expensive ZIP code in Texas is 75205, situated in Highland Park. This upscale neighborhood is known for its affluence, with an impressive 48% of households earning over $200,000 annually. The median household income is reported at $188,396, while the mean income escalates to $328,834. The significant rise in property values is notable; from November 2019 to November 2024, the median home value surged by 72.4%, from $1.115 million to an astonishing $1.922 million, with an increase of 6.4% in just the last year.
University Park Ranked Second
Following closely is 75225 in University Park, where residents enjoy a median household income of $189,985 and an average income of $327,179. Home values have similarly seen a robust increase, climbing by 72.6% over five years to reach $1.860 million in November 2024.
Luxury Living in Austin
Another high-end area is 78746, just outside Austin. This ZIP code benefits from a median household income of $183,028 and an average income of $277,896. Although home values appreciated significantly, there was a minor decrease over the past year. The median home value escalated from $973,920 in November 2019 to over $1.636 million today, even with a recent decline of 3.7%.
Houston’s West University Place
West University Place in Houston ranks fourth with ZIP code 77005. This area enjoys a median household income of $215,708 and an average income of $338,011. Home values have appreciated by 32.8% over the past five years, rising from $1.163 million to $1.545 million.
Fifth Place Goes to Another Austin Area
Completing the top five is 78703, also in Austin. This area has a lower median household income of $144,637 with an average income of $242,627. Over the last five years, home values appreciated notably, reaching just above $1.3 million, a leap from $902,403—a remarkable 44.2% increase.
Understanding the Trends
The findings reveal a broader trend with many affluent neighborhoods concentrated in areas like North Dallas, Frisco, and parts of Denton County. While traditional high-income spots like Highland Park and University Park maintain their status, newer developments are starting to emerge. For instance, Southlake is gaining recognition with a reported median household income exceeding $250,000, placing it among the highest in Texas.
Overall, the Texas housing market remains dynamic, suggesting ample growth and investment opportunities. For prospective buyers considering a move to these upscale neighborhoods, staying informed on market trends and changes is more important than ever.
Deeper Dive: News & Info About This Topic
- Forbes: Most Expensive ZIP Codes in Texas
- Dallas Observer: Wealthiest Dallas ZIP Codes
- WFAA: Wealthiest ZIP Code in DFW
- SI Live: Wealthiest Suburb Outside NYC
- iHeart: Most Expensive Homes in Texas ZIP Code
- Wikipedia: ZIP Code
- Encyclopedia Britannica: Real Estate
- Google Search: Texas ZIP Codes Wealth
- Google Scholar: Texas Housing Market
- Google News: Wealthiest ZIP Codes Texas
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
