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 about Scout's Real Estate Data
With 17,488 people, 6,608 houses or apartments, and a median cost of homes of $467,363, 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 66.40% of the city's housing units. Other types of housing that are prevalent in Dallas include large apartment complexes or high rise apartments ( 12.68%), duplexes, homes converted to apartments or other small apartment buildings ( 11.66%), and a few mobile homes or trailers ( 6.59%).
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 67.22% of Dallas's homes, and 64.78% 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 2000 and later ( 25.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.65%). There's also some housing in Dallas built before 1939 ( 10.10%).
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 131.34% over the last ten years, which is an average annual home appreciation rate of 8.75%, 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 4.07%, 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 0.45%, which equates to an annual appreciation rate of 1.82%.
Notably, Dallas's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oregon, our data show that Dallas's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.
$467,363
for Oregon
for nation
6,608
$1,573 / per month