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Sarah Mitchell
Compass Real Estate · ZIP 75501
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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75501 ZIP Code Housing Market
$165,000median sale price
What is the 75501 housing market like right now?
The median home sale price in ZIP code 75501 is $165,000, down 13.1% year-over-year. Homes sell in an average of 84 days with 150 active listings. The market is currently a buyer's 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 75501 ZIP code a buyer's or seller's market?
ZIP code 75501 is currently a buyer's market and homes selling in about 84 days. How we determine this →
What are the latest 75501 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $165,000 |
| Median list price | $184,950 |
| Year-over-year price change | -13.1% |
| Average days on market | 84 days |
| Active inventory | 150 listings |
| Sale-to-list price ratio | 82.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The 75501 zip code, located in Wake Village, TX, is currently classified as a buyer's market. The median sale price stands at $165,000, representing a -13.1% change year over year. Homes in this area spend an average of 84 days on the market before going under contract. There are currently 150 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 75501 sits in the Wake Village, TX area, roughly 3.7 miles from downtown Wake Village. Because home prices are set street by street, this ZIP can move differently from Wake Village's citywide averages. The figures below reflect 75501 specifically — drawn from Redfin transactions, U.S. Census data for its 34,866 residents, and Zillow value estimates.
Homes sold
70
Last 12 weeks
Days on market
84
Average pace
Active listings
150
Sale-to-list
82.7%
Below asking
What is driving the 75501 housing market?
The 75501 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 82.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 75501 have declined -13.1% 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 75501 stands at $155,038, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $981 per month. This gives a price-to-rent ratio of approximately 13.2, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 75501?
Population
34,866
Median income
$45,995/yr
Median age
37.8 years
Owner-occupied
57.1%
College grads
15.7%
Avg commute
18.12 min
What is it like living in 75501?
Zip code 75501 is home to approximately 34,866 residents. The median household income is $45,995 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 57.1% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 15.7% 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 18.12 minutes, which is shorter than the national average and suggests good proximity to employment centers. 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 75501.
Which public schools serve ZIP 75501?
9 schools tracked · 3,638 students
The largest public schools serving ZIP code 75501 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.
LIBERTY-EYLAU MIDDLE
Grades 5-8 · 582 students
LIBERTY-EYLAU EL
Grades 1-4 · 571 students
WAKE VILLAGE EL
Grades PK-5 · 548 students
LIBERTY-EYLAU H S
Grades 9-12 · 536 students
WESTLAWN EL
Grades 3-5 · 342 students
THERON JONES EARLY LITERACY CENTER
Grades K-2 · 339 students
PAUL LAURENCE DUNBAR EARLY EDUCATION CENTER
Grades PK · 304 students
LIBERTY-EYLAU EARLY CHILDHOOD CENTER
Grades PK-K · 296 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 75501
What is the median home price in 75501?
The current median sale price in 75501 is $165,000, based on recent Redfin transaction data. Prices have changed -13.1% 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 75501 a buyer's or seller's market?
The 75501 zip code is currently classified as a buyer's 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 75501?
Zip code 75501 has a population of approximately 34,866 residents. The median household income is $45,995 per year. About 57.1% 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 75501?
Properties Incorporated provides comprehensive data for 75501 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 75501 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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