The story of this market
The typical home in ZIP 75166 sells for about $352,500, or $168 per square foot.
Prices are down 19.67% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,203 a month.
ZIP 75166 — Lavon
The 75166 housing market is currently experiencing a cooling phase, evidenced by a year-over-year decline in median sale prices and a significant increase in inventory. High interest rates and affordability constraints are driving this shift, leading to a more competitive environment for sellers who must now adjust pricing to meet buyer expectations. The market remains in a transition period as it absorbs the rapid growth of recent years.
This ZIP is ideal for families and commuters seeking newer, more affordable housing options compared to the inner suburbs of Dallas, while still maintaining access to outdoor recreation.
Median prices moved down 19.7% year over year.
Homes spend a median of 64 days on market with 5.2 months of supply — a balanced-paced market.
28% of listings have cut prices · homes sell at 97.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 1.5% — 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 7.4%/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 7.5%/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 75166, Collin County TX
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Lavon are generally lower than the national average, with property crime being the most frequently reported incident type in the area.
Schools serving the 75166 area are primarily part of the Community Independent School District, which has seen rapid expansion to accommodate the area's population growth.
The area is subject to standard North Texas weather risks, including severe thunderstorms and occasional high winds, with flood risk concentrated in specific low-lying zones near Lake Lavon.
Lavon is experiencing significant residential development momentum as a bedroom community for the Dallas-Fort Worth metroplex, supported by ongoing infrastructure improvements to Highway 78.
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). County (Collin County, Texas) — Independent School District Ad Valorem Tax & Mandatory Homestead Exemption: All residential parcels fall into an ISD (e.g., Plano ISD at $1.03955 per $100; Allen ISD at $1.1258 per $100; Prosper ISD at $1.2141 per $100). Imposes standard Maintenance & Operations (M&O) and Interest & Sinking (I&S) rates.
Commuters typically rely on Highway 78 for access to the Dallas employment core, with average commute times often exceeding 40 minutes due to regional traffic patterns.
The area is anchored by Lake Lavon, which provides extensive opportunities for boating, fishing, and hiking, alongside local community parks and neighborhood sports facilities.
The rental market is characterized by a mix of single-family home rentals and newer multi-family developments, with vacancy rates remaining stable despite recent inventory increases.
The local economy is primarily driven by the construction and service sectors, with many residents commuting to major employment hubs in Plano, Richardson, and Dallas.
Transportation is heavily reliant on private vehicles, with Highway 78 serving as the primary arterial route connecting the area to the broader DFW transit network.
Development is focused on expanding residential capacity and supporting commercial retail growth along the Highway 78 corridor.
The Collin County Appraisal District manages property assessments, utilizing mass appraisal techniques to determine annual market values for tax purposes.
Parcels in this ZIP are subject to various special districts, including MUDs (Municipal Utility Districts) that fund infrastructure for new residential developments.
Property insurance premiums in this region have trended upward due to increased exposure to severe weather events, including hail and wind damage.
Texas continues to experience strong net domestic migration, with the DFW metroplex serving as a primary destination for new residents.
Texas operates under a non-judicial foreclosure doctrine, allowing for relatively expedited processes compared to judicial states.
Texas law requires sellers to provide a written disclosure notice to buyers, detailing the condition of the property and any known defects.
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.
A major reservoir offering boating, fishing, and camping facilities.
A central community park featuring trails and playgrounds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Governs Crestridge Meadows
Governs Grand Heritage
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.