Real Estate Market Update for 75051 (Grand Prairie, TX)

Video: Real Estate Community Tour for 75051 (Grand Prairie, TX)

See Real estate community tour for 75051 (Grand Prairie, TX)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 64% from one year earlier, and down 22% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 140-thousand dollars. The number of units sold was consistent year-over-year, and decreased 25% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 75051 (Grand Prairie, TX)
Area Information for 75051 (Grand Prairie, TX)
  • Population: 43,321
  • Median Age: 30.63 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 2
  • Sales Tax: 6%
  • Population Density: 3,573/sq mi
  • Population Change Since 2000: 39.27%
  • Closest Airport: Dallas/fort Worth International
  • Closest College: University Of Texas-arlington
  • Closest Jr. College: Lincoln Technical Institute
  • Median Household Income: $40,782
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $109,938
  • Closest Major Sports Team: Texas Rangers
  • Change Avg. Household Income Since 2000: 17.88%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 75051 (Grand Prairie, TX)
Median Age: 30.63 Married: 33% Number of Households: 13,904 Households with Children: 5,678
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 75051 (Grand Prairie, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Juan N Seguin Elementary School 0.2 mi Public K-5 1 0
      James Bowie Elementary 0.7 mi Public PRESCHOOL-4 1 0
      Ellen Ochoa Stem Academy At Milam Elementary 0.9 mi Public PRESCHOOL-5 1 0
      Ymla At John F Kennedy Middle 1.0 mi Public 6-8 2 0
      Ywla At Bill Arnold Middle School 1.0 mi Public 6-11 2 4
      Hobbs Williams Elementary School 1.0 mi Public K-4 2 0
      Uplift Lee Elementary 1.0 mi Public K-5 0 0
      Robert E Lee Elementary School 1.0 mi Public K-5 0 0
      Bonham Early Education Center 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      David Crockett 5th Grade Center 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      Golden Rule Grand Prairie Campus 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      David Daniels Elementary 1.6 mi Public PRESCHOOL-5 0 0
      Patrick Elementary School 3.0 mi Public PRESCHOOL-6 0 0
      Crouch Elementary School 3.1 mi Public PRESCHOOL-6 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 75051 (Grand Prairie, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.