How much is a home worth in ZIP code 75040?

The typical home in 75040 is worth $281,852, based on the Zillow Home Value Index.

Are home values rising in 75040?

Home values in 75040 are down 5.3% over the past year, and up 4.0% a year over five years.

What is the typical rent in 75040?

A typical home in 75040 rents for about $1,819 a month, a gross rental yield of 7.7%.

What is the property tax rate in 75040?

The effective property tax rate in 75040 is 1.5% — roughly $4,283 a year on a typical home.

ZIP code 75040 has a population of 64,606 and a median household income of $74,519.

HousingHandbookReference data

…

U.S. ZIP Code · TX75040

Dallas County · Dallas-Fort Worth-Arlington, TX

Typical home value

$281,852^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -5.3%
5-year / yr: +4.0%
10-year / yr: +6.8%

Relative price

vs U.S.: ≈ U.S. median
vs metro: -19.6%
vs state: +7.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 75040 is worth $281,852 — 19.6% below the Dallas-Fort Worth-Arlington, TX median. Over the past year, values have fallen 5.3%. Homes here rent for a typical $1,819 a month — a 7.7% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,819^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.5%^[3]
Typical annual tax: $4,283^[3]

#Climate risk

FEMA National Risk Index ratings for Dallas County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Very High
Hurricane: Relatively Low
Tornado: Very High
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 64,606^[3]
Median household income: $74,519^[3]

#Migration

Household moves in and out of Dallas County over a year, from IRS tax-return data.

Net migration: -9,194^[5]
Moved in: 76,480
Moved out: 85,674

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 15
Elementary: 9
Middle: 3
High: 3

GARLAND H S
High · Grades 9–12 · GARLAND ISD
2,481 students
NAAMAN FOREST H S
High · Grades 9–12 · GARLAND ISD
2,079 students
AUSTIN ACAD FOR EXCELL
Middle · Grades 6–8 · GARLAND ISD
962 students
SELLERS MIDDLE
Middle · Grades 6–8 · GARLAND ISD
837 students
BUSSEY MIDDLE
Middle · Grades 6–8 · GARLAND ISD
799 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$21,824

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,425

Loan principal$225,482

Down payment$56,370

Total interest paid$287,589

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.11

Monthly cost to own$2,017

Monthly rent$1,819

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 41st percentile^[1]
Rental yield: 83rd percentile^[2]
Property tax: 71st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 75040?: The typical home in 75040 is worth $281,852, based on the Zillow Home Value Index.
Are home values rising in 75040?: Home values in 75040 are down 5.3% over the past year, and up 4.0% a year over five years.
What is the typical rent in 75040?: A typical home in 75040 rents for about $1,819 a month, a gross rental yield of 7.7%.
What is the property tax rate in 75040?: The effective property tax rate in 75040 is 1.5% — roughly $4,283 a year on a typical home.
Who lives in 75040?: ZIP code 75040 has a population of 64,606 and a median household income of $74,519.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

75228 vs 75040 →
Dallas, TX
Typical home
$282,678
Gross yield
5.3%
75159 vs 75040 →
Seagoville, TX
Typical home
$282,720
Gross yield
9.1%
75146
Lancaster, TX
Typical home
$282,871
Gross yield
9.9%
75453
Lone Oak, TX
Typical home
$282,999
Gross yield
—
75235
Dallas, TX
Typical home
$283,197
Gross yield
6.4%
75236
Dallas, TX
Typical home
$280,337
Gross yield
7.0%

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#Jump to section

U.S. ZIP Code · TX75040

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