Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,622, 1,854 total housing units (homes and apartments), and a median house value of $115,258, 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 73.92% of the town's housing units. Other types of housing that are prevalent in Dallas include large apartment complexes or high rise apartments ( 10.23%), mobile homes or trailers ( 9.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.00%).
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.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Dallas's housing was primarily built during this period, from the '40s through the '60s. A full 40.50% of the town's housing hails from this era. Other housing ages represented in Dallas include homes built between 1970-1999 ( 26.56%) and housing constructed between 2000 and later ( 24.99%). There's also some housing in Dallas built before 1939 ( 7.95%).
Vacant housing appears to be an issue in Dallas. Fully 11.76% of the housing stock is classified as vacant. Left unchecked, vacant Dallas homes and apartments can be a drag on the real estate market, holding Dallas real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Dallas's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.11% during the period.
Over the last year, Dallas appreciation rates have trailed the rest of the nation. In the last twelve months, Dallas's appreciation rate has been 0.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dallas were at 1.88%, which equates to an annual appreciation rate of 7.72%.
Importantly, this makes Dallas one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Dallas's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. 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 2000, to assist you in making the best Dallas real estate investment or home purchase decisions.
|$826,001 - $1,102,000||0.2|
|$551,001 - $826,000||0.1|
|$441,001 - $551,000||0.0|
|$331,001 - $441,000||0.2|
|$221,001 - $331,000||2.5|
|$111,001 - $221,000||50.8|
|$55,001 - $111,000||37.2|
|$0 - $55,000||9.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Dallas HOMES|
|2000 or Newer||25.0|
|1970 - 1999||26.6|
|1940 - 1969||40.5|
|1939 or Older||7.9|
|TYPE OF Dallas HOMES|
|Small Apt. Buildings||5.0|
|SIZE OF Dallas HOMES|
|5 or more bedrooms||2.00|