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Old 07-13-2009, 08:59 PM
 
6,585 posts, read 23,553,000 times
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Most Affluent Zip Codes (from Dallas Business Journal Book of Lists 2009) ranked by median household income projections for 2008

Rank -Zip Code - Area - 2008 Household Income
1. 76092, Southlake, $171,364
2. 75022, Flower Mound, $151,364
3. 76034, Colleville, $139,933
4. 75013, Allen, $139,475
5. 75025, Plano, $133,124

6. 75093, Plano, $131,475
7. 75019, Coppell, $129,997
8. 75070, McKinney, $129,282
9. 75028, Flower Mound, $125,789
10. 75225, Dallas, $125,558

11. 75082, Richardson, $124,403
12. 75035, Frisco, $115,433
13. 75094, Frisco, $113,736
14. 75024, Plano, $110,771
15. 75077, Lewisville, $110,582

16. 75002, Allen, $107,500
17. 76226, Argyle, $106,973
18. 75034, Frisco, $97,726
19. 76052, Haslet, $94,162
20. 75023, Plano, $93,762

21. 75071, McKinney, $91,252
22. 75205, Dallas (Highland Park), $91,165
23. 76210, Corinth, $90,962
24. 75032, Rockwall, $89,538
25. 75087, Rockwall, $86,432
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Old 07-13-2009, 09:10 PM
 
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And now, ranked by Median Home Value in 2008

$689,738, Dallas-Highland Park, 75205
$569,344, Dallas, 75225
$427,734, Southlake, 76092
$411,542, Plano, 75093
$332,425, Colleyville, 76034

$322,514, Flower Mound, 75022
$309,629, Argyle, 76226
$292,531, Allen, 75013
$291,167, Plano, 75024
$282,325, Plano, 75025

$255,457, Richardson, 75082
$251,881, Coppell, 75019
$244,119, McKinney, 75070
$239,441, Plano, 75094
$233,686, Rockwall, 75032

$232,278, Rockwall, 75087
$222,775, Frisco, 75035
$220,551, Flower Mound, 75028
$218,301, Haslet, 76052
$217,928, Lewisville, 75077

$209,720, McKinney, 75071
$208,469, Allen, 75002
$202,232, Frisco, 75034
$194,052, Corinth, 76210
$193,083, Plano, 75023
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Old 07-13-2009, 10:04 PM
 
1,283 posts, read 3,205,949 times
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Interesting...

How is it that Highland Park has the highest median home value but one of the lower median household incomes? Is that because it is an "old money" area, lots of homes are owned by retirees, lots of home that have been passed down in the family, or something else? Just curious
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Old 07-13-2009, 10:11 PM
 
Location: Dallas: Oak Cliff
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The old money and retirees have something to do with it. Though I have no stats to back it up I would guess there are a larger number of trust funds in that area than some of the other areas.

Also, there could be some issues with the research methods used to rank these zip codes that might undermine the results.

If I had to guess I would say it is single family only and isn't looking at condos and townhomes otherwise I don't see how zip codes 75206 and 75214 aren't somewhere around $225,000 or so.
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Old 07-13-2009, 11:06 PM
 
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Quote:
Originally Posted by PlanoGirl View Post
Interesting...

How is it that Highland Park has the highest median home value but one of the lower median household incomes? Is that because it is an "old money" area, lots of homes are owned by retirees, lots of home that have been passed down in the family, or something else? Just curious
It's like that every year. I always wondered why, too. Older retirees in Highland Park? Do they have wealth, but not wage income? I don't know.
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Old 07-13-2009, 11:11 PM
 
Location: North Texas
24,571 posts, read 35,237,036 times
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Quote:
Originally Posted by FarNorthDallas View Post
It's like that every year. I always wondered why, too. Older retirees in Highland Park? Do they have wealth, but not wage income? I don't know.
That may be it.
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Old 07-14-2009, 07:17 AM
 
1,005 posts, read 3,481,671 times
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Quote:
Originally Posted by PlanoGirl View Post
Interesting...

How is it that Highland Park has the highest median home value but one of the lower median household incomes?
Personal accountants and not HR Block.
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Old 07-14-2009, 07:20 AM
 
Location: Forney Texas
2,120 posts, read 5,866,211 times
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Quote:
Originally Posted by galore View Post
Personal accountants and not HR Block.
LOL
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Old 07-14-2009, 10:07 AM
 
Location: Dallas, TX
2,346 posts, read 6,240,300 times
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Default Re:

I would also guess that list extends far beyond the top 25 ZIP codes listed.
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Old 07-14-2009, 10:11 AM
 
Location: 78747
3,202 posts, read 5,120,169 times
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75225 is UP, but states it's Dallas. just an observation. I agree with the theory about income in HP.
This total may be the amount they cashed out for "living expenses", and keep in mind that "Old Money" doesn't tend to have mortgages.

The 90K was most likely cashed out of a seven-figure nest egg, and declared as "capital gains" to the IRS.

Last edited by jobert; 07-14-2009 at 10:42 AM..
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