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Top 8 Most Expensive Zip Codes to Buy a Home In Texas

TAGS: Texas LivingFunLifestyle
Top 8 Most Expensive Zip Codes to Buy a Home In Texas
Article Excerpt

Texas is known as an affordable state to buy a home in. But you'll have to forego avocado toast for a while if you hope to change your address to one of these zip codes.

Accurate information about the most expensive zip codes can be difficult to find since final sales prices are not necessarily made public. But MLS data can give us an idea of where to find the highest-end real estate in Texas. The following list is based on both average and median sales prices over the past year.

Perhaps not surprisingly, the eight zip codes listed here are all in or near big Texas cities. Five of them are in the greater Austin area. Two are in Dallas, and one is in Houston.

The “median” listing price is the middle price in the overall set of homes listed. The “average” price is the total price of all homes sold divided by the total count of all homes sold. Medians tend to be more accurate in understanding sets of numbers when there are massive outliers - like extremely luxurious homes within the 8-digit range.

» READ MORE: 8 Crazy Awesome Luxury Homes in Texas

1. 78733, Austin

  • Median listing price: $1.3 million
  • Average sales price: $6.61 million

Located along the south bank of Lake Austin, this zip code includes some of the most lavish homes in the Austin area. Many of these homes are nestled within the area’s hilly terrain, offering phenomenal views of the lake and the surrounding Texas Hill Country. The average home sales price, obtained from Neighborhoods.com, might be the result of a small number of extremely high-end properties skewing the average upward.

Austin

Photo by Andy Thrasher on Flickr

2. 78746, Austin

  • Median listing price: $2 million
  • Average sales price: $2.93 million

Right next to 78733 is the 78746 zip code, which includes West Lake Hills, Rollingwood, and parts of the City of Austin. These communities are also built into west Austin’s hills, and feature some amazing scenery.

78746

Photo by Matthew Rutledge on Flickr

3. 78703, Austin

  • Median listing price: $1.3 million
  • Average sales price: $1.75 million

Just west of downtown Austin, the 78703 zip code is home to Tarrytown and several other sought-after neighborhoods. The historic Clarksville neighborhood dates back to the 1870s and contains numerous landmarks and historical sites.

78703

Photo by zombieite on Flickr

4. 75205, Dallas

  • Median listing price: $1.9 million
  • Average sales price: $1.67 million

This zip code includes parts of Dallas, the suburban communities of Highland Park and University Park, and the campus of Southern Methodist University. Highland Park and University Park are consistently ranked among the most affluent cities in the United States. Residential options range from historic homes built a century ago to brand-new homes with modern designs.

75205

Photo by Roy Luck on Flickr

5. 78735, Austin

  • Median listing price: $889,000
  • Average sales price: $1.66 million

Returning to the suburbs west of Austin, 78735 borders the 78733 and 78746 zip codes to the south. It includes much of the Barton Creek area. Many homes overlook the Barton Creek Greenbelt.

78735

Photo by chefkeem on Pixabay

6. 78669, Spicewood

  • Median listing price: $769,500
  • Average sales price: $1.57 million

This zip code includes a large portion of Travis County, starting on the west side of Lake Travis and continuing into neighboring Blanco and Burnet counties. It centers on Spicewood, an unincorporated community that straddles the Travis/Burnet County line. It is located in the middle of Texas’ Highland Lakes region, between Lake Travis and Lake Marble Falls.

78669

Photo by Brent Eckley on Flickr

7. 77005, Houston

  • Median listing price: $1.3 million
  • Average sales price: $1.38 million

Located southwest of downtown Houston, this zip code includes the community of West University Place and the neighborhoods that surround the Rice University campus. The area provides convenient access to Houston’s Museum District and the downtown Arts District.

77005

Photo by faungg's photos on Flickr

8. 75225, Dallas

  • Median listing price: $1.6 million
  • Average sales price: $1.36 million

Just north of 75205, the 75225 zip code includes parts of University Park and Dallas, and boasts a similar atmosphere.

75225

Photo by 12019 on Pixabay

Ready to become a homeowner?

Despite how you may be feeling after reading this list, it’s more than manageable to buy a home in Texas. Answer a few questions to see which mortgage options you may qualify for!