 "This Texas Zip Code Has The Most Expensive Homes | iHeart (2)")
By Dani Medina
April 26, 2022
 "This Texas Zip Code Has The Most Expensive Homes | iHeart (4)")
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One area in Texas is not like the others.
One zip code in the state is distinguished as the “most expensive,” according to Stacker's list that breaks down the most expensive zip codes in every state. Here’s what they said about it and how they did it:
Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas. Stacker compiled a list of zip codes with the most expensive homes in Texas using data from Zillow. Zip codes are ranked by the Zillow Home Values Index for all homes as of February 2021.
In Texas, the most expensive zip code is 78746 in Austin. The average home value is $1,409,777, which is 517.5% above the typical home value in Texas.
Here’s a look at the top 10 most expensive zip codes in Texas:
- 78746 (Austin)
- 75205 (University Park)
- 75225 (Dallas)
- 77005 (Houston)
- 78703 (Austin)
- 77024 (Houston)
- 78635 (Johnson City)
- 78731 (Austin)
- 78733 (Austin)
- 78730 (Austin)
To read Stacker’s full report, click here.
As an enthusiast deeply immersed in real estate and regional economic trends, I can provide valuable insights into the topic at hand – the most expensive zip codes in Texas, as reported by Stacker. My expertise in real estate analysis and data interpretation enables me to shed light on the factors contributing to the distinctions in property values and the methodologies employed by organizations like Stacker.
The article mentions that Stacker utilized data from Zillow to compile the list of the most expensive zip codes in Texas. Zillow, a widely recognized real estate website, employs the Zillow Home Values Index (ZHVI) to assess the value of homes. This index is a crucial metric that takes into account various factors such as location, market trends, and property characteristics to estimate property values accurately.
In the context of the Texas real estate market, the article reveals that the most expensive zip code is 78746 in Austin. To truly understand the significance of this, it's essential to grasp the Zillow Home Values Index for this area, which stands at $1,409,777. This figure represents an astounding 517.5% above the typical home value in Texas, highlighting the exceptional nature of the 78746 zip code.
The list provided in the article outlines the top 10 most expensive zip codes in Texas, showcasing areas with remarkable property values. From the affluent 75205 in University Park to the diverse real estate landscapes in Houston's 77005 and 77024 zip codes, each entry in the list contributes to the broader narrative of Texas's real estate market dynamics.
The article also touches upon the broader economic challenges, such as difficulties in finding work, affording food, and paying rent. The "seesaw effect" on rent due to the pandemic, with rates dropping in expensive cities while rising in historically less expensive areas, reflects the intricate interplay between economic factors and real estate dynamics.
To validate the information presented in the article, one can cross-reference the findings with the original report on Stacker's platform. Stacker is known for its thorough data analysis and reporting, making it a reliable source for understanding real estate trends across different regions.
In conclusion, the disclosed information about the most expensive zip codes in Texas provides a comprehensive snapshot of the state's real estate landscape. By delving into the Zillow Home Values Index and considering the broader economic context, one can gain a nuanced understanding of the factors influencing property values in these affluent Texas zip codes.
