How much is a home worth in ZIP code 75240?

The typical home in 75240 is worth $409,965, based on the Zillow Home Value Index.

Are home values rising in 75240?

Home values in 75240 are down 2.5% over the past year, and up 4.6% a year over five years.

What is the typical rent in 75240?

A typical home in 75240 rents for about $1,526 a month, a gross rental yield of 4.5%.

What is the property tax rate in 75240?

The effective property tax rate in 75240 is 1.5% — roughly $5,976 a year on a typical home.

ZIP code 75240 has a population of 25,290 and a median household income of $58,320.

HousingHandbookReference data

…

U.S. ZIP Code · TX75240

Dallas County · Dallas-Fort Worth-Arlington, TX

Typical home value

$409,965^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.5%
5-year / yr: +4.6%
10-year / yr: +6.8%

Relative price

vs U.S.: +44.3%
vs metro: +16.9%
vs state: +56.6%

Price history

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

The typical home in 75240 is worth $409,965 — 16.9% above the Dallas-Fort Worth-Arlington, TX median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $1,526 a month — a 4.5% 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: $1,526^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $5,976^[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: 25,290^[3]
Median household income: $58,320^[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: 5
Elementary: 4
Middle: 0
High: 0

RISD ACAD
Elementary · Grades K–6 · RICHARDSON ISD
728 students
CAROLYN G BUKHAIR EL
Elementary · Grades PK–6 · RICHARDSON ISD
658 students
SPRING VALLEY EL
Elementary · Grades PK–6 · RICHARDSON ISD
368 students
NORTHWOOD HILLS EL
Elementary · Grades K–6 · RICHARDSON ISD
366 students
DOBIE PRE-KINDERGARTEN SCHOOL
Prekindergarten · Grades PK · RICHARDSON ISD
358 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 yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$18,315

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$2,073

Loan principal$327,972

Down payment$81,993

Total interest paid$418,311

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 ratio1.91

Monthly cost to own$2,913

Monthly rent$1,526

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: 69th percentile^[1]
Rental yield: 24th percentile^[2]
Property tax: 61st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 75240?: The typical home in 75240 is worth $409,965, based on the Zillow Home Value Index.
Are home values rising in 75240?: Home values in 75240 are down 2.5% over the past year, and up 4.6% a year over five years.
What is the typical rent in 75240?: A typical home in 75240 rents for about $1,526 a month, a gross rental yield of 4.5%.
What is the property tax rate in 75240?: The effective property tax rate in 75240 is 1.5% — roughly $5,976 a year on a typical home.
Who lives in 75240?: ZIP code 75240 has a population of 25,290 and a median household income of $58,320.

#Comparable ZIPs

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

76208 vs 75240 →
Denton, TX
Typical home
$410,528
Gross yield
4.6%
76247 vs 75240 →
Northlake, TX
Typical home
$407,682
Gross yield
6.1%
75068
Little Elm, TX
Typical home
$404,831
Gross yield
6.7%
76182
North Richland Hills, TX
Typical home
$415,428
Gross yield
6.4%
76050
Grandview, TX
Typical home
$403,609
Gross yield
—
75007
Carrollton, TX
Typical home
$403,311
Gross yield
4.9%

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#Jump to section

U.S. ZIP Code · TX75240

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