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 1,345,047, 505,816 total housing units (homes and apartments), and a median house value of $191,111, Dallas real estate and house prices are near the national average for all cities and towns.
Large apartment complexes or high rise apartments are the single most common housing type in Dallas, accounting for 45.80% of the city's housing units. Other types of housing that are prevalent in Dallas include single-family detached homes ( 43.51%), duplexes, homes converted to apartments or other small apartment buildings ( 6.02%), and a few row houses and other attached homes ( 3.47%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
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 ( 32.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.59%). There's also some housing in Dallas built before 1939 ( 5.46%).
Vacant housing appears to be an issue in Dallas. Fully 10.32% 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.
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 75.12% over the last ten years, which is an average annual home appreciation rate of 5.76%, putting Dallas in the top 10% 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 3.20%, 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 0.30%, which equates to an annual appreciation rate of 1.20%.
Relative to Texas, our data show that Dallas's latest annual appreciation rate is lower than 70% 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.
|$940,001 - $1,253,000||2.6|
|$626,001 - $940,000||6.0|
|$501,001 - $626,000||5.6|
|$376,001 - $501,000||8.4|
|$251,001 - $376,000||11.4|
|$125,001 - $251,000||28.7|
|$63,001 - $125,000||25.8|
|$0 - $63,000||8.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Dallas HOMES|
|2000 or Newer||16.6|
|1970 - 1999||45.4|
|1940 - 1969||32.5|
|1939 or Older||5.5|
|TYPE OF Dallas HOMES|
|Small Apt. Buildings||6.0|
|SIZE OF Dallas HOMES|
|5 or more bedrooms||2.07|