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Sarah Mitchell
Compass Real Estate · ZIP 75503
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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75503 ZIP Code Housing Market
$289,950median sale price
What is the 75503 housing market like right now?
The median home sale price in ZIP code 75503 is $289,950, down 3.3% year-over-year. Homes sell in an average of 62 days with 134 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 75503 ZIP code a buyer's or seller's market?
ZIP code 75503 is currently a buyer's market and homes selling in about 62 days. How we determine this →
What are the latest 75503 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $289,950 |
| Median list price | $316,000 |
| Year-over-year price change | -3.3% |
| Average days on market | 62 days |
| Active inventory | 134 listings |
| Sale-to-list price ratio | 95.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The 75503 zip code, located in Red Lick, TX, is currently classified as a buyer's market. The median sale price stands at $289,950, representing a -3.3% change year over year. Homes in this area spend an average of 62 days on the market before going under contract. There are currently 134 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 75503 sits in the Red Lick, TX area, roughly 2.7 miles from downtown Red Lick. Because home prices are set street by street, this ZIP can move differently from Red Lick's citywide averages. The figures below reflect 75503 specifically — drawn from Redfin transactions, U.S. Census data for its 26,372 residents, and Zillow value estimates.
Homes sold
80
Last 12 weeks
Days on market
62
Average pace
Active listings
134
Sale-to-list
95.0%
Below asking
What is driving the 75503 housing market?
The 75503 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 95.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 75503 have declined -3.3% 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 75503 stands at $266,190, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,417 per month. This gives a price-to-rent ratio of approximately 15.7, 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 75503?
Population
26,372
Median income
$72,159/yr
Median age
39.5 years
Owner-occupied
62.0%
College grads
38.4%
Avg commute
14.72 min
What is it like living in 75503?
Zip code 75503 is home to approximately 26,372 residents. The median household income is $72,159 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 62.0% 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 38.4% 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 14.72 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 75503.
Which public schools serve ZIP 75503?
15 schools tracked · 8,009 students
The largest public schools serving ZIP code 75503 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.
TEXAS H S
Grades 9-12 · 1,762 students
TEXAS MIDDLE
Grades 6-8 · 1,361 students
PLEASANT GROVE H S
Grades 9-12 · 753 students
PLEASANT GROVE MIDDLE
Grades 6-8 · 529 students
MARGARET FISCHER DAVIS EL
Grades PK-2 · 509 students
PLEASANT GROVE INT
Grades 3-5 · 483 students
DIGITAL ACADEMY OF TEXAS
Grades 5-12 · 411 students
HIGHLAND PARK EL
Grades PK-5 · 403 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 75503
What is the median home price in 75503?
The current median sale price in 75503 is $289,950, based on recent Redfin transaction data. Prices have changed -3.3% 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 75503 a buyer's or seller's market?
The 75503 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 75503?
Zip code 75503 has a population of approximately 26,372 residents. The median household income is $72,159 per year. About 62.0% 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 75503?
Properties Incorporated provides comprehensive data for 75503 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 75503 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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