75220 Home Values

Midway Hollow anchors this zip with tree-lined blocks of 1950s ranch homes steadily giving way to two-story transitional builds on the same lots. You'll find original three-bed cottages on 8,000-square-foot parcels sitting next door to freshly framed five-bedroom custom homes with butler's pantries and pool-ready backyards. The northwest corner stretches into Preston Hollow's estate lots approaching an acre. A cluster of townhome condos near Park Lane offers entry-level ownership.

This is a zip code running on two speeds. Builders are paying over half a million just for dirt in Midway Hollow, then delivering finished product north of a million and a half -- and finding buyers. Meanwhile the original housing stock that hasn't been scraped still trades at a fraction. Five and a half months of supply says this market still favors sellers, but not aggressively.

If you own an original Midway Hollow home on a decent-sized lot, your land value alone may surprise you -- builders are actively hunting parcels here. Price your home to reflect both its livability and its lot potential, and you'll attract two buyer pools instead of one. Homes showing well with updated kitchens and bathrooms still compete, but don't over-improve if the lot is the real asset.