How much is a home worth in ZIP code 75231?

The typical home in 75231 is worth $302,528, based on the Zillow Home Value Index.

Are home values rising in 75231?

Home values in 75231 are down 3.1% over the past year, and up 2.7% a year over five years.

What is the typical rent in 75231?

A typical home in 75231 rents for about $1,363 a month, a gross rental yield of 5.4%.

What is the property tax rate in 75231?

The effective property tax rate in 75231 is 1.6% — roughly $4,788 a year on a typical home.

ZIP code 75231 has a population of 38,370 and a median household income of $58,540.

HousingHandbookReference data

…

U.S. ZIP Code · TX75231

Dallas County · Dallas-Fort Worth-Arlington, TX

Typical home value

$302,528^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.1%
5-year / yr: +2.7%
10-year / yr: +6.4%

Relative price

vs U.S.: +6.5%
vs metro: -13.7%
vs state: +15.6%

Price history

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

The typical home in 75231 is worth $302,528 — 13.7% below the Dallas-Fort Worth-Arlington, TX median. Over the past year, values have fallen 3.1%. Homes here rent for a typical $1,363 a month — a 5.4% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,363^[2]
Gross yield: 5.4%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $4,788^[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: 38,370^[3]
Median household income: $58,540^[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: 8
Elementary: 6
Middle: 1
High: 1

EMMETT J CONRAD H S
High · Grades 9–12 · DALLAS ISD
1,275 students
SAM TASBY MIDDLE
Middle · Grades 6–8 · DALLAS ISD
669 students
LEE A MCSHAN JR EL
Elementary · Grades PK–5 · DALLAS ISD
592 students
JACK LOWE SR EL
Elementary · Grades PK–5 · DALLAS ISD
549 students
L L HOTCHKISS EL
Elementary · Grades PK–8 · DALLAS ISD
522 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 yield5.4%

Net yield (after ~40% expenses)3.2%

Annual rent$16,356

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$1,530

Loan principal$242,022

Down payment$60,506

Total interest paid$308,686

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 ratio1.60

Monthly cost to own$2,180

Monthly rent$1,363

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: 10th percentile^[1]
Rental yield: 39th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 75231?: The typical home in 75231 is worth $302,528, based on the Zillow Home Value Index.
Are home values rising in 75231?: Home values in 75231 are down 3.1% over the past year, and up 2.7% a year over five years.
What is the typical rent in 75231?: A typical home in 75231 rents for about $1,363 a month, a gross rental yield of 5.4%.
What is the property tax rate in 75231?: The effective property tax rate in 75231 is 1.6% — roughly $4,788 a year on a typical home.
Who lives in 75231?: ZIP code 75231 has a population of 38,370 and a median household income of $58,540.

#Comparable ZIPs

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

75061 vs 75231 →
Irving, TX
Typical home
$302,177
Gross yield
5.3%
76071 vs 75231 →
Pecan Acres CDP, TX
Typical home
$303,949
Gross yield
8.0%
75254
Dallas, TX
Typical home
$304,152
Gross yield
5.4%
76123
Fort Worth, TX
Typical home
$300,646
Gross yield
7.7%
75062
Irving, TX
Typical home
$304,929
Gross yield
5.7%
75243
Dallas, TX
Typical home
$304,995
Gross yield
4.3%

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Pit ZIP 75231 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TX75231

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