Dallas, NC 28034 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Dallas, NC—28034

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$280,000

0.3% YoY Growth

Household Income

$60,000

29.2% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,820

2.9% YoY Growth

1-Bed Rent

$795

N/A

2-Bed Rent

$1,250

19.8% YoY Growth

3-Bed Rent

$1,800

4.0% YoY Growth

Home Price Trends — Dallas, NC

As of Dec '25, the median home price in Dallas, NC is $280,000, with a year-over-year change of 0.3%. This indicates that home prices in Dallas, NC are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$280,000	0.3%
Single Family	$281,000	0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

10.6%

2 Bedrooms

60.2%

3 Bedrooms

22.3%

4 Bedrooms

5.6%

5+ Bedrooms

1.4%

Property Listings — Dallas, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Dallas, NC is 64. This is a increase of 11.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$314,000	-4.0%
Listing Count	74	4.0%
Listings as % of Homes	0.7%	4.0%
Days on Market	76	25.0%

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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%

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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%

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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%

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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

Dallas, NC—28034

Key Metrics at a Glance

Home Price Trends — Dallas, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dallas, NC

% of Rental Stock

Property Listings — Dallas, NC

Demographics — Dallas, NC

Race and Ethnicity

Mortgage and Risk — Dallas, NC

Mortgages

Rentals and Section 8 — Dallas, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Dallas, NC

Home Price to Income Ratio

Dallas, NC — ZIP Code Boundary Map

Nearby ZIP Codes

High Shoals

Gastonia, NC

Alexis, NC

Bessemer City, NC

Lowell, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$280,000
Median Household Income	$60,000

Dallas, NC—28034

Key Metrics at a Glance

Home Price Trends — Dallas, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dallas, NC

% of Rental Stock

Property Listings — Dallas, NC

Demographics — Dallas, NC

Race and Ethnicity

Mortgage and Risk — Dallas, NC

Mortgages

Rentals and Section 8 — Dallas, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Dallas, NC

Home Price to Income Ratio

Dallas, NC — ZIP Code Boundary Map

Nearby ZIP Codes

High Shoals

Gastonia, NC

Alexis, NC

Bessemer City, NC

Lowell, NC

Frequently Asked Questions

What is the average home price in Dallas, NC 28034?

How have home prices in Dallas, NC 28034 changed over the past year?

What is the home price projection for Dallas, NC 28034?

What are the demographics of Dallas, NC 28034?

How long does it take homes to sell in Dallas, NC 28034?

What is the average rent price in Dallas, NC 28034?