Maybe it’s the abundance of supermarkets. Or barbecue joints. Maybe it’s the end-to-end row of strip shopping centers.
Whatever the formula, Coppell, Plano, and Prosper share these … uh, suburban amenities. These three suburbs are the most popular housing submarkets in North Texas, according to Zillow.
Upscale suburban cities near major urban areas rose to the top of Zillow’s nationwide list of most popular places to buy a home. That is a reversal from previous levels and the first 15 months of the pandemic. Home values growth has shifted to the suburbs in recent months.
The typical urban home is worth more than the typical suburban home across the U.S., but this varies by market.
Search Coppell | Plano | Prosper
In Dallas-Fort Worth, Coppell topped the list, according to Zillow. The typical home in Coppell is valued at $565,930 and has seen a 7 percent price growth in the first quarter of 2022. The city’s home values are up 24 percent year over year.
Coppell also ranked as the fourth-most popular place in the nation to start 2022. According to the city’s website, Coppell covers 14.7 square miles with a population of 41,590, which has a median household income of $134,681.
Plano, which always finds itself in best-of lists, ranks behind Coppell. Plano’s typical home value is $513,326, which represents an increase of 33 percent year over year.
Prosper is third with a typical home value of $744,456, an increase of 13 percent in the first quarter and 45 percent year over year. Frisco ranks fourth and Carrollton ranks fifth.
Overall, the typical home value in D-FW is $370,501, up 7 percent in the first quarter, and 29.3 percent more than a year ago, according to Zillow.
“Demand for suburban homes found an extra gear last summer, perhaps as buyers gained more clarity in their employers’ return-to-office policies,” Zillow economist Nicole Bachaud said in the report. “Research suggests the rise of remote work is responsible for roughly half of home price growth during the pandemic.”
Report review: Zillow has a lot of information, but you have to search deeply. The report has interesting searchable for the North Texas market in two main tables. Two bunnies down the rabbit hole. 🐇 🐇
