Coppell now has the most desirable housing market in the DFW metroplex, according to a recent Zillow survey. The real-estate marketplace site ranks the most popular markets, with expensive suburbs topping the list. Zillow used data from its website, home sales, and other sources to create the list.
The survey found Coppell was the most popular market in Texas, with an average home value of $565,930. In 2021, the median home price in Coppell saw a 7% increase.
Other top Texas suburbs included Austin’s Cedar Park, San Antonio’s Canyon Lake, and Houston’s Port Bolivar.
“Demand for suburban homes found an extra gear last summer, perhaps as buyers gained more clarity in their employers’ return-to-office policies,” Zillow economist Nicole Bachaud said.
“Research suggests the rise of remote work is responsible for roughly half of home price growth during the pandemic,” she said. “How many employers continue to allow this flexibility for employees to live where they choose will go a long way toward determining which markets are most in demand in the future.”
This quarter saw Zillow’s top suburbs’ home prices rise faster than their nearest principal cities, indicating more robust demand. Eight of the top 10 have higher average home prices than their main cities; seven of those averages are greater by approximately $150,000.
After Dallas/Fort Worth International Airport opened in 1974, Coppell grew from a small agricultural community to a large upper-middle-class suburb. Because of Coppell’s proximity to the airport, many corporations have distribution and shipping facilities in a large commercial area in the southwestern part of the city.
By 2000, the city’s population had increased to over 35,000, and nearly all residential land was developed. Two years ago, Coppell had a population of 42,983, according to the 2020 census.