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Top 10 Fastest Growing ZIP Codes

Lists of the fastest growing ZIP Codes are usually compiled using population data. But accurate population data is only available from the US Census, and the most recent measured results are from 2010. For a more current understanding of which ZIP Codes are growing, Maponics used quarterly residential delivery counts from 2013, which are part of our ZIP Code Boundaries product.

By analyzing residential delivery count information, we were able to see which ZIP Codes had the highest increase in residential addresses in 2013 – a reliable indicator of increased real estate growth. It’s interesting to note that the fast growing ZIPs for residential properties appear in only two states: Texas and California.

For further illumination, we appended Context™ Real Estate Sales and Context Real Estate Inventory data, which provided a snapshot of real estate activity in those ZIPs.

Note: Delivery addresses, sales prices and loan-to-value ratios are based on the quarterly median.

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Top 10 Most Rapidly Growing ZIP Codes in 2013

1. 77494 – Katy, TX

With a median of 861 new residential delivery addresses every quarter in 2013, ZIP Code 77494 in Katy, TX, wins the prize for 2013′s fastest growing ZIP Code – with a growth rate 58% higher than its next closest competitor.

New residential delivery addresses per quarter: 861

Percentage of properties that are single-family homes: 93%

Sales price for single-family homes: $271,875

Loan-to-value ratio for single-family homes: 80%

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Top 10 Most Rapidly Growing ZIPs in 2013

2. 77433 – Cypress, TX

New residential delivery addresses per quarter: 544

Percentage of properties that are single-family homes: 99%

Sales price for single-family homes: $198,786

Loan-to-value ratio for single-family homes: 80%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

3. 92620 – Irvine, CA

ZIP Code 92620 in Irvine, CA, is notable for two data points: the high median selling price of a single-family home, and the low median loan-to-value ratio, which points to a significant amount of equity for homeowners in this ZIP Code.

New residential delivery addresses per quarter: 430

Percentage of properties that are single-family homes: 99%

Sales price for single-family homes: $811,000

Loan-to-value ratio for single-family homes: 66%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

4. 79938 – El Paso, TX

ZIP Code 79938 in El Paso has the lowest priced homes, and it’s tied for the highest loan-to-value ratios. This tells us that homeowners in this ZIP Code have the lowest equity of any others on this list.

New residential delivery addresses per quarter: 421

Percentage of properties that are single-family homes: 98%

Sales price for single-family homes: $124,031

Loan-to-value ratio for single-family homes: 99%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

5. 95134 – San Jose, CA

New residential delivery addresses per quarter: 374

Percentage of properties that are single-family homes: 95%

Sales price for single-family homes: $720,000

Loan-to-value ratio for single-family homes: 80%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

6. 78245 – San Antonio, TX

New residential delivery addresses per quarter: 346

Percentage of properties that are single-family homes: 99%

Sales price for single-family homes: $149,072

Loan-to-value ratio for single-family homes: 99%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

7. 75034 – Frisco, TX

New residential delivery addresses per quarter: 341

Percentage of properties that are single-family homes: 96%

Sales price for single-family homes: $302,000

Loan-to-value ratio for single-family homes: 80%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

8. 75070 – McKinney, TX

New residential delivery addresses per quarter: 332

Percentage of properties that are single-family homes: 99%

Sales price for single-family homes: $234,531

Loan-to-value ratio for single-family homes: 80%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

9. 77449 – Katy, TX

Katy, TX, appears again, which suggests that the town as a whole is likely growing rapidly, not just a particular ZIP Code.

Interestingly, the other fast growing ZIP Code in Katy, TX – 77494, which saw by far the most growth – has a higher median home price than this Katy, TX, ZIP Code: $271,875 for 77494, vs. $132,075 for 77449.

New residential delivery addresses per quarter: 332

Percentage of properties that are single-family homes: 99%

Sales price for single-family homes: $132,075

Loan-to-value ratio for single-family homes: 80%

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Top 10 Most Rapidly Growing ZIP Codes in 2013

10. 75056 – The Colony, TX

New residential delivery addresses per quarter: 314

Percentage of properties that are single-family homes: 99%

Sales price for single-family homes: $187,188

Loan-to-value ratio for single-family homes: 80%

 

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