Dallas appreciation rates and housing market information

Dallas housing market information

With a population of 1,188,204, 484,053 total housing units (homes and apartments), and a median house value of $138,015, house prices in Dallas are solidly below the national average.

single-family detached homes are the single most common housing type in Dallas, accounting for 44.44% of the city's housing units. Other types of housing that are prevalent in Dallas include large apartment complexes or high rise apartments (42.81%), duplexes, homes converted to apartments, or other small apartment buildings (7.54%), row houses and other attached homes (3.96%), and a few mobile homes or trailers (1.16%).

People in Dallas primarily live in small (one, two, or no bedroom) single-family detached homes. Dallas has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Dallas built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dallas built from 1940-1969 (41.45%). A lesser amount of the housing stock also hails from 1995 and later (7.54%), and some were built from 1939 and earlier (7.54%).

Dallas home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Dallas, where house values have increased just 30.25%, which is an average annual increase of 3.02%. NeighborhoodScout's data show that in the latest quarter, Dallas house values appreciated 0.26%, which is an annualized rate of 1.04%. This rate is lower than the appreciation rate found in 60% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Dallas home appreciation rates, at 0.61%, have been at or slightly above the national average. In the latest quarter, Dallas's appreciation rate has been 0.26%, which annualizes to a rate of 1.04%.

Relative to Texas, our data show that Dallas's latest annual appreciation rate is higher than 9% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dallas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dallas - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Dallas real estate investment or home purchase decisions.