Dallas' hottest 'hoods come at a price — some of the highest in all of Texas, according to a new study.
RentCafe's 2019 list of most expensive ZIP codes to rent puts three Dallas areas among the 10 priciest in Texas.
The second priciest ZIP code in the state, and most expensive in the Big D, is 75205. The area, encompassing Highland Park and Knox-Henderson, clocks in with an average rent of $2,791 a month. Rents in the area have increased 6.4 percent from last year, according to the study, which used July 2019 averages calculated by Yardi Matrix.
At No. 4 is Highland Park's neighboring ZIP code of 75225, University Park, where average rent is just slightly cheaper, at $2,451 a month. Rents there are up 5.9 percent from last year.
The downtown Dallas hub of 75201 ranks fifth, with average rent costing $2,088 a month, a 1.6 percent increase from last year.
Northwest of Dallas, 75022 in Flower Mound is the only other DFW spot in the top 10. At No. 10, the area's average rent is $1,831 a month, a 4 percent increase from last year.
Renters in Austin and Houston are faced with steep prices, too. The other top 10 most expensive ZIP codes in Texas are:
- No. 1 — 78701 (downtown Austin), $2,885 a month
- No. 3 — 78701 (Tarrytown in Austin), $2,634 a month
- No. 6 — 77005 (West University Place/Rice Village in Houston), $2,033 a month
- No. 7 — 77006 (Montrose and Hyde Park in Houston), $1,997 a month
- No. 8 — 77002 (downtown Houston), $1,970 a month
- No. 9 — 78702 (Central East Austin), $1,932 a month
But it could be worse. The three most expensive ZIP codes in America, says RentCafe, are all located in Manhattan, with rents ranging from $5,053 to $6,211 a month.