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Sarah Mitchell
Compass Real Estate · ZIP 76051
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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76051 ZIP Code Housing Market
$625,000median sale price
What is the 76051 housing market like right now?
The median home sale price in ZIP code 76051 is $625,000, up 16.9% year-over-year. Homes sell in an average of 25 days with 109 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 76051 ZIP code a buyer's or seller's market?
ZIP code 76051 is currently a balanced market and homes selling in about 25 days. How we determine this →
What are the latest 76051 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $625,000 |
| Median list price | $625,000 |
| Year-over-year price change | +16.9% |
| Average days on market | 25 days |
| Active inventory | 109 listings |
| Sale-to-list price ratio | 99.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 76051 zip code, located in Grapevine, TX, is currently classified as a balanced market. The median sale price stands at $625,000, representing a +16.9% change year over year. Homes in this area spend an average of 25 days on the market before going under contract. There are currently 109 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 76051 sits in the Grapevine, TX area, roughly 0.5 miles from downtown Grapevine. Because home prices are set street by street, this ZIP can move differently from Grapevine's citywide averages. The figures below reflect 76051 specifically — drawn from Redfin transactions, U.S. Census data for its 50,618 residents, and Zillow value estimates.
Homes sold
127
Last 12 weeks
Days on market
25
Average pace
Active listings
109
Sale-to-list
99.1%
Below asking
What is driving the 76051 housing market?
The 76051 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 99.1% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 76051 have increased +16.9% compared to last year, suggesting continued demand and potential for further appreciation. 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 76051 stands at $557,353, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,786 per month. This gives a price-to-rent ratio of approximately 26.0, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 76051?
Population
50,618
Median income
$111,160/yr
Median age
39.4 years
Owner-occupied
52.4%
College grads
57.3%
Avg commute
23.08 min
What is it like living in 76051?
Zip code 76051 is home to approximately 50,618 residents. The median household income is $111,160 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 52.4% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 57.3% 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 23.08 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 76051.
Which public schools serve ZIP 76051?
11 schools tracked · 7,544 students
The largest public schools serving ZIP code 76051 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.
GRAPEVINE H S
Grades 9-12 · 1,749 students
IUNIVERSITY PREP
Grades 5-12 · 1,332 students
CROSS TIMBERS MIDDLE
Grades 6-8 · 809 students
GRAPEVINE MIDDLE
Grades 6-8 · 656 students
TIMBERLINE EL
Grades PK-5 · 583 students
GRAPEVINE EL
Grades PK-5 · 543 students
HERITAGE EL
Grades PK-5 · 527 students
CANNON EL
Grades PK-5 · 494 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 76051
What is the median home price in 76051?
The current median sale price in 76051 is $625,000, based on recent Redfin transaction data. Prices have changed +16.9% 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 76051 a buyer's or seller's market?
The 76051 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 76051?
Zip code 76051 has a population of approximately 50,618 residents. The median household income is $111,160 per year. About 52.4% 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 76051?
Properties Incorporated provides comprehensive data for 76051 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 76051 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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