Market Analysis(4)

zip code 75007 area where 1100 Trinity Mills is included

This area has high population density. 4,238 per square mile live in Zip 75007. Salary($53,694) is over than state average.  And, also, household income in 2010 is $71,753. This is 45% more than average household income in Texas. And, vacancy rate is very low. The housing vacant rate in Carrollton was 3.45% in September 2010. In same period, the vacant rate in the US was 10.37%.  

The data from citydata.com

Summary

-zip 75007

-average home sale price is around $160,000

 :1100 Trinity Mills($135,375) has price competitiveness)

-% of renters is 29%(state 36%)

-4,238 people per square mile

-Estimated median house/condo value in 2010 is $213,984(Texas $127,400)

 : 1100 Trinity Mills provides good investment opportunity

-Median resident age is 34.6 years old

-Average household size is 2.4 people(Texas 2.8)

-Average Adjusted Gross Income(AGI) in 2004 is $56,481(Texas $47,881)

 : The condos targe is young professionals. The people who are living around this area are affordable to buy 1100 Trinity Mills

-Salary/wage is $53,694(State $41,947)

-Estimated median household income in 2010 is $71,753(Texas $49,585)

-Public primary/middle school in zip code 75007

 :Davis Elementary, Kent Elementary, Furneaux Elementary, Thompson Elementary, Rainwater Elementary, Rosemeade Elementary, Huie special Education Center. 

-Housing Vacant rate is 3.45%(US 10.37) in September 2011