How much is a home worth in ZIP code 76118?

The typical home in 76118 is worth $327,605, based on the Zillow Home Value Index.

Are home values rising in 76118?

Home values in 76118 are down 1.2% over the past year, and up 4.6% a year over five years.

What is the typical rent in 76118?

A typical home in 76118 rents for about $1,847 a month, a gross rental yield of 6.8%.

What is the property tax rate in 76118?

The effective property tax rate in 76118 is 1.6% — roughly $5,188 a year on a typical home.

ZIP code 76118 has a population of 17,991 and a median household income of $94,530.

HousingHandbookReference data

…

U.S. ZIP Code · TX76118

Tarrant County · Dallas-Fort Worth-Arlington, TX

Typical home value

$327,605^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.2%
5-year / yr: +4.6%
10-year / yr: +7.1%

Relative price

vs U.S.: +15.3%
vs metro: -6.6%
vs state: +25.2%

Price history

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

The typical home in 76118 is worth $327,605 — 6.6% below the Dallas-Fort Worth-Arlington, TX median. Over the past year, values have fallen 1.2%. Homes here rent for a typical $1,847 a month — a 6.8% 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: $1,847^[2]
Gross yield: 6.8%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $5,188^[3]

#Climate risk

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

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

#Who lives here

Population: 17,991^[3]
Median household income: $94,530^[3]

#Migration

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

Net migration: +1,996^[5]
Moved in: 61,211
Moved out: 59,215

Schools

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

Public schools: 5
Elementary: 4
Middle: 1
High: 0

JACK C BINION EL
Elementary · Grades PK–5 · BIRDVILLE ISD
728 students
RIVER TRAILS EL
Elementary · Grades PK–6 · HURST-EULESS-BEDFORD ISD
655 students
TRINITY LAKES EL
Elementary · Grades PK–6 · HURST-EULESS-BEDFORD ISD
647 students
RICHLAND MIDDLE
Middle · Grades 6–8 · BIRDVILLE ISD
616 students
ALLIENE MULLENDORE EL
Elementary · Grades PK–5 · BIRDVILLE ISD
351 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 yield6.8%

Net yield (after ~40% expenses)4.1%

Annual rent$22,169

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$1,657

Loan principal$262,084

Down payment$65,521

Total interest paid$334,274

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 ratio1.28

Monthly cost to own$2,361

Monthly rent$1,847

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: 67th percentile^[1]
Rental yield: 70th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 76118?: The typical home in 76118 is worth $327,605, based on the Zillow Home Value Index.
Are home values rising in 76118?: Home values in 76118 are down 1.2% over the past year, and up 4.6% a year over five years.
What is the typical rent in 76118?: A typical home in 76118 rents for about $1,847 a month, a gross rental yield of 6.8%.
What is the property tax rate in 76118?: The effective property tax rate in 76118 is 1.6% — roughly $5,188 a year on a typical home.
Who lives in 76118?: ZIP code 76118 has a population of 17,991 and a median household income of $94,530.

#Comparable ZIPs

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

75115 vs 76118 →
DeSoto, TX
Typical home
$327,585
Gross yield
6.6%
75052 vs 76118 →
Grand Prairie, TX
Typical home
$326,341
Gross yield
6.1%
76179
Fort Worth, TX
Typical home
$322,999
Gross yield
7.6%
76020
Briar CDP, TX
Typical home
$332,518
Gross yield
6.5%
76022
Bedford, TX
Typical home
$322,591
Gross yield
5.5%
75181
Mesquite, TX
Typical home
$321,988
Gross yield
10.2%

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#Jump to section

U.S. ZIP Code · TX76118

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