Grand Prairie, TX—75051
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 $243,000, with a year-over-year change of -4.9%. 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 | $243,000 | -4.9% |
| Single Family | $246,000 | -4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $183,000 | -6.2% |
3 Bed | $242,000 | -5.1% |
4 Bed | $309,000 | -2.5% |
| 5 Bed | $366,000 | -1.1% |
% of Housing Stock
Rental Trends — Grand Prairie, TX
As of July '25, Rentcast reports the average rent in Grand Prairie, TX is $1,880, with a year-over-year rent change of -13.8%. Per bedroom, the median rent as of July '25 in Grand Prairie, TX is studios: $1,140, 1-bedrooms: $1,140, 2-bedrooms: $1,410, 3-bedrooms: $2,220, 4-bedrooms: $2,210. The most common rental property sizes in Grand Prairie, TX are 2-bedroom and 1-bedroom, accounting for 41.0% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,880 |
| Studio Rent | $1,040 | $1,140 |
| 1 Bed Rent | $1,130 | $1,140 |
| 2 Bed Rent | $1,350 | $1,410 |
| 3 Bed Rent | $1,980 | $2,220 |
| 4 Bed Rent | $2,300 | $2,210 |
% 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 54. 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | -6.0% |
Listing Count | 60 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 54 | 19.0% |
Demographics — Grand Prairie, TX
As of the latest ACS Survey released in 2023, Grand Prairie, TX has a population of 40,300, which has decreased by -2.9% over the past 5 years. Grand Prairie, TX is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,300 | -2.9% |
% Under 18 | 28.6% | -5.0% |
% Seniors | 10.7% | 15.1% |
% WFH | 9.8% | 237.9% |
% w/ College Degree | 14.9% | 73.3% |
As of the latest ACS Survey released in 2023, Grand Prairie, TX is a predominantly hispanic area, with 68.6% of the population identifying as hispanic. The hispanic population has grown by 4.6% in the last 5 years. The second most common race or ethnicity in Grand Prairie, TX is white, making up 14.6% of the population. Foreign-born residents account for 30.5% of the population in Grand Prairie, TX, and this percentage has increased by 4.8% 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 | 14.6% | -5.2% |
% Black | 13.4% | -15.2% |
% Hispanic | 68.6% | 4.6% |
% Asian | 2.6% | 13.0% |
% Foreign Born | 30.5% | 4.8% |
Mortgage and Risk — Grand Prairie, TX
According to HUD data as of 2023, there were 308 mortgage originations in Grand Prairie, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Grand Prairie, TX. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 308 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
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 10.8%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Grand Prairie, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 712 |
Total Units Section 8 | 712 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,130 | $1,260 |
| 2 Bedroom | $130 | $1,350 | $1,480 |
| 3 Bedroom | -$120 | $1,980 | $1,860 |
| 4 Bedroom | $80 | $2,300 | $2,380 |
Affordability — Grand Prairie, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $243,000 |
| Median Household Income | $53,100 |