Grand Prairie, TX—75050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grand Prairie, TX
As of Oct '25, the median home price in Grand Prairie, TX is $267,000, with a year-over-year change of -5.7%. This indicates that home prices in Grand Prairie, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | -5.7% |
| Single Family | $270,000 | -5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | -7.1% |
3 Bed | $273,000 | -5.2% |
4 Bed | $353,000 | -3.6% |
| 5 Bed | $443,000 | -3.3% |
% of Housing Stock
Rental Trends — Grand Prairie, TX
As of July '25, Rentcast reports the average rent in Grand Prairie, TX is $1,470, with a year-over-year rent change of -20.1%. Per bedroom, the median rent as of July '25 in Grand Prairie, TX is studios: $1,040, 1-bedrooms: $1,150, 2-bedrooms: $1,510, 3-bedrooms: $2,320, 4-bedrooms: $2,680. The most common rental property sizes in Grand Prairie, TX are 2-bedroom and 1-bedroom, accounting for 42.7% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,470 |
| Studio Rent | $1,000 | $1,040 |
| 1 Bed Rent | $1,120 | $1,150 |
| 2 Bed Rent | $1,510 | $1,510 |
| 3 Bed Rent | $2,200 | $2,320 |
| 4 Bed Rent | $2,500 | $2,680 |
% of Rental Stock
Property Listings — Grand Prairie, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Prairie, TX is 68. This is a increase of 19.0% 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 37.0%, 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 | -7.0% |
Listing Count | 91 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 68 | 19.0% |
Demographics — Grand Prairie, TX
As of the latest ACS Survey released in 2023, Grand Prairie, TX has a population of 44,400, which has increased by 3.5% over the past 5 years. Grand Prairie, TX is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,400 | 3.5% |
% Under 18 | 26.0% | -3.3% |
% Seniors | 12.0% | 50.0% |
% WFH | 8.3% | 245.8% |
% w/ College Degree | 22.7% | 12.9% |
As of the latest ACS Survey released in 2023, Grand Prairie, TX is a predominantly hispanic area, with 57.1% of the population identifying as hispanic. The hispanic population has grown by 7.1% in the last 5 years. The second most common race or ethnicity in Grand Prairie, TX is white, making up 21.0% of the population. Foreign-born residents account for 24.3% of the population in Grand Prairie, TX, and this percentage has increased by 0.8% 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 | 21.0% | -15.0% |
% Black | 18.7% | 4.5% |
% Hispanic | 57.1% | 7.1% |
% Asian | 1.7% | -29.2% |
% Foreign Born | 24.3% | 0.8% |
Mortgage and Risk — Grand Prairie, TX
According to HUD data as of 2023, there were 244 mortgage originations in Grand Prairie, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Grand Prairie, TX. Investor activity is low, as 5.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Grand Prairie, TX
As of 2024, the percent of homes in Grand Prairie, TX under the Section 8 program is 2.2%. 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. In Grand Prairie, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 181 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,120 | $1,510 |
| 2 Bedroom | $260 | $1,510 | $1,770 |
| 3 Bedroom | $50 | $2,200 | $2,250 |
| 4 Bedroom | $350 | $2,500 | $2,850 |
Affordability — Grand Prairie, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $267,000 |
| Median Household Income | $70,500 |