Dallas, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Dallas Neighborhoods Since 2000




Dallas, NC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dallas Housing Market Information

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.

Dallas Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$115,258

Dallas, NC HOME PRICES

Value Range
> $1,102,000 0.0
$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

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
68.1237548341732 66.0617059891107

Number Of Homes And Apartments:
1,854

Dallas Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
16.72% 0.90% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$861 / per month

Homeownership Rate

Homeownership
Owners 54.64
Renters 45.36
Vacant 11.76

Housing Market Details

 

Age of Homes

AGE OF Dallas HOMES
2000 or Newer 25.0
1970 - 1999 26.6
1940 - 1969 40.5
1939 or Older 7.9

Types of Homes

TYPE OF Dallas HOMES
Single-Family 73.9
Townhomes 1.9
Small Apt. Buildings 5.0
Apt. Complexes 10.2
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF Dallas HOMES
No Bedroom 1.19
1 Bedroom 9.33
2 Bedrooms 39.70
3 Bedrooms 42.27
4 Bedrooms 5.52
5 or more bedrooms 2.00