Most Affluent Zip Codes 2008

[Lakewooder]

Hey wait a minute, I just remembered that SMU has/had its own zip code when I was there: 75275

[momof2dfw]

Originally Posted by Lakewooder

Hey wait a minute, I just remembered that SMU has/had its own zip code when I was there: 75275

Physical address
6425 Boaz Lane
Dallas TX 75205

All P.O. Box addresses
SMU P.O. Box 75xxxx
Dallas TX 75275


Yep, anyone living on campus has a 75275 zip.

[Lakewooder]

ROFL, there was this one guy who had a special way of saying "you wanna go check the box?"

[jobert]

Originally Posted by momof2dfw

LOL!!!
This is why so many of the areas that have TRUE wealth can fly under the radar and never show up on these surveys or "statistics".

This happens to alot of neighborhoods comprised of "newly-weds & nearly-deads".

speaking of which... can anyone explain the glaring lack of North Dallas zips? The large area between Midway/LBJ/Central/NWY? You can't throw a rock and hit a house worth less than 500K within that area... what gives?

[momof2dfw]

Originally Posted by jobert

This happens to alot of neighborhoods comprised of "newly-weds & nearly-deads".

speaking of which... can anyone explain the glaring lack of North Dallas zips? The large area between Midway/LBJ/Central/NWY? You can't throw a rock and hit a house worth less than 500K within that area... what gives?

That is a nice area of older custom homes that sit on fairly decent sized lots w/ mature trees that are convienent to the entire city. Some have acreage lots and creeks. Close to great shopping without being in the thick of heavy traffic all of the time, good schools and GREAT private schools in that immediate area help as well. The best private schools in Dallas are pretty close to there or in that patch of dirt. These people can live IN the city and not feel like it because of the lot sizes and trees.

[the_hollywoodian]

People use household income over zip codes, and because zip codes are often very large, and many times encompass lower income areas, they give an inaccurate picture of the true wealth of an area.

For instance, if you look at the median income in West Plano (75093), you'll see that it's $93,000 (down from $105,000 in '99). However, the number is severely skewed, and even though it may seem "poorer" in relation to say, Southlake, specific neighborhoods in W. Plano are some of the highest in the neighborhood.

I've found this site, Higley 1000 (higley1000.com), extremely useful. It ranks the 1,000 most affluent neighborhoods-within-neighborhoods in the US. Here's the data on Dallas/Ft. Worth:

These neighborhoods are part of the Dallas Area:
1: Volk Estates-Windsor Place (University Park)
Mean Household Income: $396,786, Higley 1000 #22
0.0% Black, 0.0% Asian, 2.9% Hispanic and 97.1% Non-Hispanic White.
View Volk Estates-Windsor Place on Google Maps

2: Old Highland Park-Willow Wood (Highland Park)
Mean Household Income: $363,553, Higley 1000 #40
0.0% Black, 1.3% Asian, 0.0% Hispanic and 98.7% Non-Hispanic White.
View Old Highland Park-Willow Wood on Google Maps

3: Old Shepard Place (Plano)
Mean Household Income: $326,551, Higley 1000 #75
0.0% Black, 13.6% Asian, 2.2% Hispanic and 84.2% Non-Hispanic White.
View Old Shepard Place on Google Maps

4: University Heights-University Highlands (University Park)
Mean Household Income: $303,970, Higley 1000 #119
0.0% Black, 0.9% Asian, 0.0% Hispanic and 99.1% Non-Hispanic White.
View University Heights-University Highlands on Google Maps

5: Willow Bend-Gleneagles Country Club (Plano)
Mean Household Income: $293,378, Higley 1000 #142
3.7% Black, 10.8% Asian, 1.2% Hispanic and 84.2% Non-Hispanic White.
View Willow Bend-Gleneagles Country Club on Google Maps

6: Preston Hollow (Dallas)
Mean Household Income: $277,397, Higley 1000 #195
0.0% Black, 0.7% Asian, 2.6% Hispanic and 96.7% Non-Hispanic White.
View Preston Hollow on Google Maps

7: Armstrong Fairway-Preston Place (University Park)
Mean Household Income: $269,818, Higley 1000 #227
0.0% Black, 0.0% Asian, 0.0% Hispanic and 100.0% Non-Hispanic White.
View Armstrong Fairway-Preston Place on Google Maps

8: Highland Park West (Highland Park)
Mean Household Income: $268,660, Higley 1000 #230
0.0% Black, 1.4% Asian, 0.8% Hispanic and 97.3% Non-Hispanic White.
View Highland Park West on Google Maps

9: Greenway Park (Dallas)
Mean Household Income: $257,557, Higley 1000 #299
0.0% Black, 0.0% Asian, 0.0% Hispanic and 100.0% Non-Hispanic White.
View Greenway Park on Google Maps

10: Steeplechase (Plano)
Mean Household Income: $243,500, Higley 1000 #371
0.0% Black, 8.9% Asian, 1.9% Hispanic and 89.2% Non-Hispanic White.
View Steeplechase on Google Maps

11: Bent Tree North-Oakdale (Dallas)
Mean Household Income: $240,286, Higley 1000 #390
3.0% Black, 6.7% Asian, 2.4% Hispanic and 86.3% Non-Hispanic White.
View Bent Tree North-Oakdale on Google Maps

12: Highland Park East (Highland Park)
Mean Household Income: $234,320, Higley 1000 #438
0.0% Black, 1.3% Asian, 1.3% Hispanic and 97.3% Non-Hispanic White.
View Highland Park East on Google Maps

13: Bent Tree West (Dallas)
Mean Household Income: $231,552, Higley 1000 #462
3.7% Black, 5.3% Asian, 0.0% Hispanic and 85.6% Non-Hispanic White.
View Bent Tree West on Google Maps

14: Preston Royal (Dallas)
Mean Household Income: $231,024, Higley 1000 #473
0.0% Black, 2.5% Asian, 1.7% Hispanic and 95.8% Non-Hispanic White.
View Preston Royal on Google Maps

15: LakeSide on Preston (Plano)
Mean Household Income: $228,617, Higley 1000 #494
4.7% Black, 4.4% Asian, 5.4% Hispanic and 80.8% Non-Hispanic White.
View LakeSide on Preston on Google Maps

16: Mount Vernon Heights (Highland Park)
Mean Household Income: $221,781, Higley 1000 #559
0.0% Black, 0.0% Asian, 0.0% Hispanic and 97.7% Non-Hispanic White.
View Mount Vernon Heights on Google Maps

17: Prestonwood West (Dallas)
Mean Household Income: $216,286, Higley 1000 #608
7.0% Black, 2.8% Asian, 2.3% Hispanic and 87.9% Non-Hispanic White.
View Prestonwood West on Google Maps

18: Idlewild-Preston Homes (University Park)
Mean Household Income: $214,533, Higley 1000 #624
0.0% Black, 0.0% Asian, 1.5% Hispanic and 97.0% Non-Hispanic White.
View Idlewild-Preston Homes on Google Maps

19: Windsor Park (Dallas)
Mean Household Income: $214,408, Higley 1000 #625
0.0% Black, 0.0% Asian, 1.2% Hispanic and 95.8% Non-Hispanic White.
View Windsor Park on Google Maps

20: Caruth Hills (University Park)
Mean Household Income: $210,250, Higley 1000 #675
0.0% Black, 0.0% Asian, 0.9% Hispanic and 97.8% Non-Hispanic White.
View Caruth Hills on Google Maps

21: Northwood Hills (Dallas)
Mean Household Income: $207,502, Higley 1000 #705
1.9% Black, 1.5% Asian, 2.0% Hispanic and 93.4% Non-Hispanic White.
View Northwood Hills on Google Maps

22: Prestonwood Creek (Dallas)
Mean Household Income: $206,820, Higley 1000 #718
0.0% Black, 2.5% Asian, 0.0% Hispanic and 97.5% Non-Hispanic White.
View Prestonwood Creek on Google Maps

23: Northaven Estates (Dallas)
Mean Household Income: $203,358, Higley 1000 #772
0.0% Black, 1.4% Asian, 3.3% Hispanic and 95.2% Non-Hispanic White.
View Northaven Estates on Google Maps

24: Brookshire Park (Dallas)
Mean Household Income: $199,979, Higley 1000 #812
0.0% Black, 3.4% Asian, 0.0% Hispanic and 96.6% Non-Hispanic White.
View Brookshire Park on Google Maps

25: Preston Trail-Bent Tree (Dallas)
Mean Household Income: $199,009, Higley 1000 #831
1.1% Black, 2.5% Asian, 1.3% Hispanic and 95.1% Non-Hispanic White.
View Preston Trail-Bent Tree on Google Maps

26: Huffhine Hills-Downs of Hillcrest (Dallas)
Mean Household Income: $198,892, Higley 1000 #834
0.0% Black, 0.0% Asian, 3.0% Hispanic and 97.0% Non-Hispanic White.
View Huffhine Hills-Downs of Hillcrest on Google Maps

27: Hills of Prestonwood (Plano)
Mean Household Income: $198,088, Higley 1000 #845
1.6% Black, 2.4% Asian, 2.9% Hispanic and 92.1% Non-Hispanic White.
View Hills of Prestonwood on Google Maps

28: Bluffview Park (Dallas)
Mean Household Income: $194,986, Higley 1000 #894
0.0% Black, 0.0% Asian, 4.4% Hispanic and 95.6% Non-Hispanic White.
View Bluffview Park on Google Maps

These neighborhoods are part of the Fort Worth Area:
1: Westover Hills (Westover Hills)
Mean Household Income: $338,225, Higley 1000 #58
0.0% Black, 1.2% Asian, 0.0% Hispanic and 98.1% Non-Hispanic White.
View Westover Hills on Google Maps

2: Timarron (Southlake)
Mean Household Income: $243,764, Higley 1000 #370
0.0% Black, 0.0% Asian, 2.7% Hispanic and 97.3% Non-Hispanic White.
View Timarron on Google Maps

3: River Crest (Fort Worth)
Mean Household Income: $235,500, Higley 1000 #432
0.0% Black, 4.3% Asian, 2.3% Hispanic and 93.4% Non-Hispanic White.
View River Crest on Google Maps

4: Woodland Hills-Prestwick Park (Colleyville)
Mean Household Income: $217,276, Higley 1000 #601
0.0% Black, 1.9% Asian, 7.1% Hispanic and 87.4% Non-Hispanic White.
View Woodland Hills-Prestwick Park on Google Maps

5: Timber Lake-Princeton Park (Southlake)
Mean Household Income: $195,569, Higley 1000 #887
2.2% Black, 0.0% Asian, 2.2% Hispanic and 93.7% Non-Hispanic White.
View Timber Lake-Princeton Park on Google Maps

[Lakewooder]

Hee's back...

From that site: "With the sole exception of the Lakewood neighborhood, all of Dallas’ wealthiest neighborhoods are found along the Dallas North Tollway and Preston Road heading due north from the CBD. "

Yeah we like being different, ok?

[Simulacrum7]

This may have been mentioned but the statistical discrepancies between Avg. Income and median home prices because they use different measures of central tendency (arithmetic mean vs. median). Each statistic uses the correct measure because of the nature of what they are measuring. For example, the median is used for home prices because it negates the skew that would be present in zip codes that have abnormally high or low home prices. And, if you switched and recorded the median income of versus the median income you would have wildly different stats (and not as informative). The real debate is whether income or home prices is a better relative measure of area wealth?

[EasilyAmused]

You all forget about ALL the apartments and townhouses that fringe all around those HIGH Wealth homes. They bring down the "income" vs. real property value. We have that in Houston as well. Also, the HP Mom and Dad buy the townhouse for 425k, and the kids starting salary is 35k.

77024 is one of the wealthiest zips in the country, yet due to all the apartments it's average income is not as high as burbs who are all solid middle and upper middle.

Another thing to think about is this based on true salary, not stock holding income. This may be registered different. Many of HP residents also throw large amounts of holdings into Trusts, which would not be calculated on the same forms as Income/Salary when it goes into the IRS. They're a serperately taxed entity, and I don't know if this formula to determines Trusts as an Individual.

[MaryS80]

interesting figures, there are places in the top one would expect, and others are a bit of a surprise.