The story of this market
The typical home in ZIP 76247 sells for about $391,495, or $208 per square foot.
Prices are roughly flat from a year ago (+0.6%), a market in balance. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $2,625 a month.
ZIP 76247
The 76247 housing market remains steady, characterized by high demand for new construction and a competitive environment for family-sized homes. While prices have seen modest year-over-year growth, the market is balancing inventory levels against the ongoing influx of residents moving to the area for its suburban appeal and proximity to major employment corridors.
This ZIP is ideal for families and commuters seeking newer, larger homes in a suburban setting with access to top-rated schools and a quieter lifestyle compared to the urban core.
Median prices moved up 0.6% year over year.
Homes spend a median of 44 days on market with 3.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 4.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 76247, Denton County TX
The area generally reports lower crime rates compared to the broader Dallas-Fort Worth metroplex, with safety being a primary draw for families moving to the suburban fringe.
Schools serving the area are primarily part of the Northwest Independent School District, which maintains a strong reputation for academic performance and modern facilities.
The region is subject to standard North Texas climate risks, including severe thunderstorms, hail, and occasional high winds, with flood risk concentrated in specific low-lying drainage areas.
The area is experiencing rapid residential expansion and infrastructure development, driven by its proximity to major employment hubs in Fort Worth and the Alliance corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents primarily rely on personal vehicles for commuting, with access to SH-114 and I-35W providing direct routes to the Fort Worth employment core and DFW Airport.
The area features access to local community parks, nearby golf courses, and proximity to outdoor recreation at Lake Grapevine and various regional trail systems.
The rental market is characterized by high demand for single-family homes, with limited vacancy pressure due to the influx of families relocating for new construction.
The economy is anchored by the logistics, aviation, and manufacturing sectors centered around the AllianceTexas development and proximity to DFW Airport.
Transportation is dominated by highway corridors including SH-114 and I-35W, with limited public transit options available.
Significant ongoing residential and mixed-use development is occurring along the SH-114 corridor, connecting Justin and Northlake to the broader metroplex.
Denton Central Appraisal District manages property assessments, typically conducting annual reviews to align with market values.
Parcels are subject to Northwest ISD taxes, with many newer developments falling within MUD or PID boundaries for infrastructure financing.
Property insurance premiums are rising due to regional exposure to severe weather events, including hail and wind damage.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Great Wolf Lodge | Grapevine4.119.5 mi
- Meow Wolf Grapevine's The Real Unreal4.419.5 mi
- PEPPA PIG Theme Park Dallas-Fort Worth4.119.7 mi
- LEGOLAND® Discovery Center Dallas/Fort Worth3.919.4 mi
- Round1 Bowling & Arcade - Grapevine4.319.4 mi
- Texas Motor Speedway4.75.7 mi
- Meow Wolf Grapevine's The Real Unreal4.419.5 mi
- UNT Coliseum (“The Super Pit”)4.512.2 mi
- Round1 Bowling & Arcade - Grapevine4.319.4 mi
- Andretti Indoor Karting & Games Fort Worth4.315 mi
- Cinemark Roanoke and XD4.610 mi
- Hawaiian Falls Roanoke4.39.2 mi
- PINSTACK4.210.1 mi
- Alamo Drafthouse Cinema Denton4.312.2 mi
- South Lakes Park4.712.6 mi
- Meow Wolf Grapevine's The Real Unreal4.419.5 mi
- Historic Downtown Grapevine4.818.9 mi
- Denton Square4.813.5 mi
- Grapevine Vintage Railroad4.219 mi
- Old Alton Bridge4.413.1 mi
- South Lakes Park4.712.6 mi
- Bob Jones Park4.613 mi
- Trophy Club Park4.311.1 mi
- Eureka 24.812.6 mi
- Haslet Community Park4.69.6 mi
- BigShots Golf4.26.9 mi
- Tour 183.610.1 mi
- Trophy Club Country Club4.611.3 mi
- Vaquero Club4.612.8 mi
- The Golf Club at Champions Circle4.16.7 mi
- Tanger Outlets Fort Worth4.56.7 mi
- WinCo Foods4.612.4 mi
- Tom Thumb4.310.5 mi
- Albertsons4.312.6 mi
- Ross Dress for Less3.912.7 mi
- Dallas Fort Worth International Airport4.122.6 mi
- Arlington Memorial Hospital Heliport4.427.9 mi
- Capital One Lounge at DFW422.2 mi
- The Club DFW3.922.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional anchor attraction located on the border of the area.
Provides local green space and recreational facilities for residents.
Key-figure check: median price diverges 52.8% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $603,709 (54.2% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $603,709 (+52.8% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.