The story of this market
The typical home in ZIP 76051 sells for about $737,128, or $245 per square foot.
Prices are up +2.9% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,800 a month.
ZIP 76051 — Grapevine
The 76051 housing market remains competitive with a median sale price of $560,000, supported by strong demand and limited inventory. While price growth has moderated compared to previous years, the area's strategic location near DFW Airport and high-quality school district continue to drive buyer interest. Market conditions are currently balanced, favoring sellers but requiring realistic pricing to achieve timely sales.
This ZIP is ideal for families seeking high-quality schools, commuters requiring proximity to DFW Airport and major highways, and those who value a blend of historic charm and modern suburban amenities.
Median prices moved up 2.9% year over year.
Homes spend a median of 32 days on market with 3.2 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 5.8% — 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 6.6%/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 6.2%/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 76051, Tarrant County TX
Grapevine generally reports lower crime rates compared to the broader Dallas-Fort Worth metroplex, with a focus on community-oriented policing and high visibility in tourist-heavy areas.
The area is served by the Grapevine-Colleyville Independent School District, which is highly regarded and consistently maintains strong academic performance ratings.
The region faces standard North Texas risks, including severe thunderstorms, hail, and occasional tornado activity, with flood risks primarily concentrated near Grapevine Lake.
Economic momentum is driven by proximity to DFW International Airport, a robust hospitality and tourism sector, and ongoing mixed-use redevelopment near the historic downtown core.
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 benefit from excellent connectivity via State Highways 114 and 121, providing direct access to both Dallas and Fort Worth employment hubs and DFW Airport.
The area features extensive outdoor amenities including Grapevine Lake, numerous community parks, golf courses, and the historic Main Street shopping and dining district.
The rental market is characterized by steady demand from airport employees and families, with moderate vacancy pressure and a mix of single-family and multi-family offerings.
The economy is anchored by DFW International Airport, a significant hospitality and tourism sector, and a growing corporate presence in the logistics and technology industries.
The area is served by major highway corridors including SH 114 and SH 121, with access to the TEXRail commuter line connecting to downtown Fort Worth and DFW Airport.
Development is focused on infill projects and the revitalization of older commercial corridors to support the city's growing population and tourism demand.
The Tarrant Appraisal District manages property assessments, utilizing mass appraisal techniques to determine market value for tax purposes.
Parcels are subject to taxes from the Grapevine-Colleyville ISD, Tarrant County, and various municipal utility and special service districts.
Property insurance premiums are influenced by regional exposure to severe weather events, including hail and wind, leading to higher-than-average costs for homeowners.
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.
- Six Flags Over Texas4.313.2 mi
- Great Wolf Lodge | Grapevine4.10.7 mi
- Traders Village Grand Prairie4.517.4 mi
- Meow Wolf Grapevine's The Real Unreal4.42.3 mi
- Epic Waters Indoor Waterpark4.417 mi
- AT&T Stadium4.713.8 mi
- Six Flags Over Texas4.313.2 mi
- Globe Life Field4.713.8 mi
- American Airlines Center4.618.6 mi
- Kay Bailey Hutchison Convention Center Dallas4.319.7 mi
- Great Wolf Lodge | Grapevine4.10.7 mi
- Cinemark Dallas XD and IMAX4.411.7 mi
- Meow Wolf Grapevine's The Real Unreal4.42.3 mi
- Toyota Music Factory4.58.9 mi
- Cinemark Lewisville and XD4.37 mi
- Fort Worth Stockyards4.819.3 mi
- Perot Museum of Nature and Science4.718.9 mi
- Dallas Museum of Art4.719.1 mi
- Meow Wolf Grapevine's The Real Unreal4.42.3 mi
- The Sixth Floor Museum at Dealey Plaza4.619.1 mi
- Vitruvian Park4.712.9 mi
- River Legacy Parks4.811.1 mi
- Grapevine Botanical Garden at Heritage Park4.60.9 mi
- Bear Creek Park4.710.3 mi
- Oak Grove Park4.71.4 mi
- Silver Lake Marina4.50.9 mi
- Scott's Landing Marina4.61 mi
- Twin Coves Marina4.54.4 mi
- Euless Yacht Club4.47.6 mi
- Grapevine Lake4.62.8 mi
- Bear Creek Golf Club4.15.9 mi
- Brookhaven Country Club4.412.1 mi
- Indian Creek Golf Club4.18.8 mi
- Lake Park Golf Course49.6 mi
- Sky Creek Ranch Golf Club4.38.1 mi
- Grapevine Mills4.52.1 mi
- North East Mall4.311 mi
- Irving Mall3.88.6 mi
- Harry Hines Bazaar4.212 mi
- T.J. Maxx & HomeGoods4.16.8 mi
- Dallas Fort Worth International Airport4.14.2 mi
- Dallas Love Field4.414.7 mi
- Arlington Memorial Hospital Heliport4.413.9 mi
- Capital One Lounge at DFW43.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major reservoir offering boating, fishing, and extensive trail systems.
Central district featuring boutiques, restaurants, and cultural venues.
Public championship-level course located near the lake.
Key-figure check: median price diverges 24.0% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $560,000 (-24% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.