Five of the top 10 Texas ZIP codes with the highest increases in home prices are in Dallas.
Using data from Zillow, the website TexasRealEstateSource.com compared home prices from 2016 to 2023 to home in on areas where home values have jumped the most. Unsurprisingly, most of the top 10 are in major cities like Dallas, San Antonio, and Fort Worth.
Dallas accounts for three of the top five: the 75215, 75216, and 75212 ZIP codes. The other ZIP codes—75210 and 75203—are at nine and 10, respectively. All of the Dallas ZIP codes that made the list are in areas that are either experiencing a great deal of growth or are poised to explode thanks to various projects.
The first Dallas ZIP code to appear on the list is 75215, which contains the Cedars and South Dallas. Only two other ZIPs in the state can claim higher increases in home price. The analysis found that average prices shot up by 228 percent between 2016 and 2023, from an average of $51,256 to $169,013. The Dallas Central Appraisal District tax rate calculator gives an idea of the difference in property taxes that kind of increase would bring, too. The tax on a $51,000 home would be in the neighborhood of $600, while a $169,000 home would require around $3,100.
A look at current listings finds homes listed at $84,999 for a 726 square foot abode on Marburg Street, and as much as $715,000 for a 2,348 square foot condo on Browder St. Ken Smith, the president of the neighborhood group Revitalize South Dallas Coalition, said rising property taxes is the primary concern for longtime residents in the neighborhood.
“When you have these types of increases in your values and your corresponding taxes, it serves as an eminent domain with gloves,” he said in an interview. “It pushes people out of their houses in a way that you don’t see like a bulldozer.”
The Cedars in particular has been a quietly popular neighborhood that has long attracted artists and other creative types. Now, a $60 million apartment community is going up on the land where the former Ambassador Hotel sat and another will soon stand on South Akard near the Dallas Police Department headquarters. Other amenities are coming, too, like a 17-acre Dallas Water Commons preserve.
The next ZIP code, 75216, is fourth on the list, and sits adjacent to 75215. Home to the Joppa and Cedar Crest neighborhoods, prices here have risen by 220 percent, with an average price of $57,034 in 2016 and $182,338 in 2023. The math indicates that property taxes have gone up by more than $2,600 in seven years. Listings currently range from a $129,000 two-bedroom home on Denley Dr. to an $890,000 3,245 square foot home on Kiest Blvd. The majority of the homes seem to be between $250,000 and $405,000.
The neighborhoods of Westmoreland Heights, West Dallas, and Trinity Groves—all in the 75212 ZIP code—are in fifth place. Average home prices have increased by 218 percent—from $75,325 in 2016 to $239,722 in 2023. Current listings offer homes ranging from a two-bedroom on Palacios Ave. for $140,000 to a $975,000 new build on Bayside St.
Much of that current growth can be attributed to the development around the Trinity Groves area and adjacent neighborhoods, where listings for lots go for upwards of $65 a square foot. Nebraska-based Goldenrod Companies just purchased 35 acres in a neighborhood where community members successfully fought off a high-rise tower two years ago.
Goldenrod says it hopes to bring a “walkable, livable urban district” with mid- and high-rise multifamily housing and retail, office, and restaurant space. “We are very bullish on the growth of West Dallas over the next decade and look forward to creating a dynamic and well thought out live-work-play neighborhood,” Brandon Schubert, Goldenrod’s Dallas-based director of investments, said in March.
The Fair Park area and the rest of the 75210 ZIP code come in at No. 9. Home prices rose by 195 percent between 2016 to 2023, and they likely will continue to increase as more improvements are made to Fair Park. Officials have a goal of improving connectivity with the neighborhoods around Fair Park. One of those improvements will be an 18-acre community park at Lagow Street and Fitzhugh Avenue.
Dallas is also home to No. 10 on the list—the 75203 ZIP code that includes Cadillac Heights, Lake Cliff Park, and the Dallas Zoo. Home prices there have increased by 189 percent in the last seven years, and it’s likely those prices will continue to grow as the first phase of the Southern Gateway Park inches closer to completion.
The park, which will span Interstate 35E between Ewing and Marsalis avenues near the Dallas Zoo, will be built in two phases and is meant to connect either side of Oak Cliff. (Interestingly, discussion and meetings about the deck park began in 2016—the earliest year in the analysis.)
Further down the list, the Pleasant Grove area’s 75217 comes in at No. 16 with a 170 percent increase, while 75241 (which includes Floral Farms and the area around Paul Quinn College near Dallas’ southern border) is No. 19 with a 166 percent increase. The ZIP codes 75223 (Hollywood/Santa Monica, Owenwood, and Dolphin Heights), 75253 (Kleberg), 75232 (Wolf Creek), 75244 (Far North Dallas and North Dallas between Belt Line and Forest Lane and the Dallas North Tollway and Marsh Lane), and 75227 (Parkdale, Riverway Estates, and Bruton Terrace) came in at 36, 57, 86, 91, and 97, respectively.
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