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 2,783, 1,121 total housing units (homes and apartments), and a median house value of $180,886, Dallas real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Dallas, accounting for 76.37% of the borough's housing units. Other types of housing that are prevalent in Dallas include duplexes, homes converted to apartments or other small apartment buildings ( 9.45%), row houses and other attached homes ( 9.45%), and a few large apartment complexes or high rise apartments ( 3.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dallas. Owner-occupied housing accounts for 80.95% of Dallas's homes, and 66.10% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Dallas built from 1970 to 1999 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 between 1940-1969 ( 29.75%). A lesser amount of the housing stock also hails from before 1939 ( 27.38%). There's also some housing in Dallas built between 2000 and later ( 6.36%).
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 -0.47% during the period.
Appreciation rates are so strong in Dallas that despite a nationwide downturn in the housing market, Dallas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dallas appreciation rates continue to be some of the highest in America, at 8.06%, which is higher than appreciation rates in 87.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dallas. Dallas appreciation rates in the latest quarter were at 2.13%, which equates to an annual appreciation rate of 8.80%.
Importantly, this makes Dallas one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Dallas's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. 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.
|$792,001 - $1,056,000||0.5|
|$528,001 - $792,000||1.5|
|$422,001 - $528,000||5.2|
|$317,001 - $422,000||9.0|
|$211,001 - $317,000||14.7|
|$106,001 - $211,000||53.1|
|$53,001 - $106,000||10.6|
|$0 - $53,000||4.4|
|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||6.4|
|1970 - 1999||36.5|
|1940 - 1969||29.7|
|1939 or Older||27.4|
|TYPE OF Dallas HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Dallas HOMES|
|5 or more bedrooms||4.48|