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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Dallas, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dallas, TX Housing Market Trends

With 1,299,544 people, 521,147 houses or apartments, and a median cost of homes of $342,726, Dallas real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Dallas, accounting for 46.60% of the city's housing units. Other types of housing that are prevalent in Dallas include single-family detached homes ( 42.13%), duplexes, homes converted to apartments or other small apartment buildings ( 6.49%), and a few row houses and other attached homes ( 3.68%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Dallas primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Dallas has a mixture of owner-occupied and renter-occupied housing.

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 ( 30.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.05%). There's also some housing in Dallas built before 1939 ( 5.28%).

Dallas Home Appreciation Rates

In the last 10 years, Dallas has experienced some of the highest home appreciation rates of any community in the nation. Dallas real estate appreciated 121.62% over the last ten years, which is an average annual home appreciation rate of 8.28%, putting Dallas in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dallas definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 1.07%, 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 -0.34%, which equates to an annual appreciation rate of -1.36%.

Relative to Texas, our data show that Dallas's latest annual appreciation rate is lower than 80% 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 2000, to assist you in making the best Dallas real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$342,726

Dallas, TX Home Prices
> $1,280,000
$960,001 - $1,280,000
$640,001 - $960,000
$512,001 - $640,000
$384,001 - $512,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
5.2%
5.2%
4.6%
4.6%
10.7%
10.7%
8.1%
8.1%
10.7%
10.7%
20.2%
20.2%
25.7%
25.7%
10.7%
10.7%
4.2%
4.2%
0% 100.0%
% of Homes
High

for Texas

High

for nation

Number of Homes And Apartments:

521,147

Dallas Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,917 / per month

Homeownership Rate

Owners
Renters
41.4%
41.4%
58.6%
58.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.0%
10.0%
90.0%
90.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.0%
22.0%
42.6%
42.6%
30.1%
30.1%
5.3%
5.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
42.1%
42.1%
3.7%
3.7%
6.5%
6.5%
46.6%
46.6%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.5%
4.5%
27.3%
27.3%
28.5%
28.5%
26.9%
26.9%
10.5%
10.5%
2.3%
2.3%
0% 100.0%
% of Homes