Dallas, NC—28034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dallas, NC
As of Oct '25, the median home price in Dallas, NC is $280,000, with a year-over-year change of 0.0%. This indicates that home prices in Dallas, NC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 0.0% |
| Single Family | $280,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $175,000 | -1.7% |
3 Bed | $285,000 | 0.4% |
4 Bed | $342,000 | 0.3% |
| 5 Bed | $359,000 | 0.6% |
% of Housing Stock
Rental Trends — Dallas, NC
As of July '25, Rentcast reports the average rent in Dallas, NC is $1,760, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Dallas, NC is 1-bedrooms: $795, 2-bedrooms: $1,330, 3-bedrooms: $1,800, 4-bedrooms: $1,990. The most common rental property sizes in Dallas, NC are 2-bedroom and 3-bedroom, accounting for 60.2% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | $1,250 | $1,330 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $1,970 | $1,990 |
% of Rental Stock
Property Listings — Dallas, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Dallas, NC is 50. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | -3.0% |
Listing Count | 76 | -5.0% |
| Listings as % of Homes | 0.7% | -5.0% |
Days on Market | 50 | 3.0% |
Demographics — Dallas, NC
As of the latest ACS Survey released in 2023, Dallas, NC has a population of 19,500, which has increased by 12.4% over the past 5 years. Dallas, NC is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | 12.4% |
% Under 18 | 21.5% | -4.9% |
% Seniors | 14.6% | -1.4% |
% WFH | 5.9% | 181.0% |
% w/ College Degree | 16.1% | 17.5% |
As of the latest ACS Survey released in 2023, Dallas, NC is a predominantly white area, with 68.9% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Dallas, NC is black, making up 16.0% of the population. Foreign-born residents account for 6.3% of the population in Dallas, NC, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.9% | -14.0% |
% Black | 16.0% | 46.8% |
% Hispanic | 9.3% | 52.5% |
% Asian | 0.8% | -11.1% |
% Foreign Born | 6.3% | 40.0% |
Mortgage and Risk — Dallas, NC
According to HUD data as of 2023, there were 545 mortgage originations in Dallas, NC, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Dallas, NC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 545 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dallas, NC
As of 2024, the percent of homes in Dallas, NC under the Section 8 program is 4.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Dallas, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 90 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $255 | $795 | $1,050 |
| 2 Bedroom | -$90 | $1,250 | $1,160 |
| 3 Bedroom | -$370 | $1,800 | $1,430 |
| 4 Bedroom | -$160 | $1,970 | $1,810 |
Affordability — Dallas, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $280,000 |
| Median Household Income | $60,000 |