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Sarah Mitchell
Compass Real Estate · ZIP 75002
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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75002 ZIP Code Housing Market
$475,000median sale price
What is the 75002 housing market like right now?
The median home sale price in ZIP code 75002 is $475,000, down 3.1% year-over-year. Homes sell in an average of 35 days with 258 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 75002 ZIP code a buyer's or seller's market?
ZIP code 75002 is currently a balanced market and homes selling in about 35 days. How we determine this →
What are the latest 75002 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $529,990 |
| Year-over-year price change | -3.1% |
| Average days on market | 35 days |
| Active inventory | 258 listings |
| Sale-to-list price ratio | 98.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 75002 zip code, located in Lucas, TX, is currently classified as a balanced market. The median sale price stands at $475,000, representing a -3.1% change year over year. Homes in this area spend an average of 35 days on the market before going under contract. There are currently 258 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 75002 sits in the Lucas, TX area, roughly 1.8 miles from downtown Lucas. Because home prices are set street by street, this ZIP can move differently from Lucas's citywide averages. The figures below reflect 75002 specifically — drawn from Redfin transactions, U.S. Census data for its 75,057 residents, and Zillow value estimates.
Homes sold
209
Last 12 weeks
Days on market
35
Average pace
Active listings
258
Sale-to-list
98.3%
Below asking
What is driving the 75002 housing market?
The 75002 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 75002 have declined -3.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 75002 stands at $460,322, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,254 per month. This gives a price-to-rent ratio of approximately 17.0, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 75002?
Population
75,057
Median income
$137,037/yr
Median age
39.5 years
Owner-occupied
78.4%
College grads
52.5%
Avg commute
32.22 min
What is it like living in 75002?
Zip code 75002 is home to approximately 75,057 residents. The median household income is $137,037 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 78.4% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 52.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 32.22 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 75002.
Which public schools serve ZIP 75002?
19 schools tracked · 17,628 students
The largest public schools serving ZIP code 75002 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ALLEN H S
Grades 9-12 · 5,273 students
LOWERY FRESHMAN CENTER
Grades 9 · 1,693 students
LOVEJOY H S
Grades 9-12 · 1,596 students
WALTER & LOIS CURTIS MIDDLE
Grades 7-8 · 1,304 students
CARLENA CHANDLER EL
Grades K-6 · 780 students
DAVID AND LYNDA OLSON EL
Grades PK-6 · 724 students
W E PETE FORD MIDDLE
Grades 7-8 · 716 students
WILLOW SPRINGS MIDDLE
Grades 7-8 · 707 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 75002
What is the median home price in 75002?
The current median sale price in 75002 is $475,000, based on recent Redfin transaction data. Prices have changed -3.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 75002 a buyer's or seller's market?
The 75002 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 75002?
Zip code 75002 has a population of approximately 75,057 residents. The median household income is $137,037 per year. About 78.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 75002?
Properties Incorporated provides comprehensive data for 75002 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 75002 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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