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Grand Prairie, TX—75051

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$243,000
4.7% YoY Growth
Household Income
$53,100
29.1% YoY Growth
Days on Market
62
3.0% Longer YoY
Home Price Forecast
-0.1%
Median Rent
$1,640
13.8% YoY Growth
1-Bed Rent
$1,130
12.3% YoY Growth
2-Bed Rent
$1,350
14.6% YoY Growth
3-Bed Rent
$1,980
1.8% YoY Growth

Other Zip Codes in Grand Prairie, TX

750527505075054
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Grand Prairie, TX

As of Dec '25, the median home price in Grand Prairie, TX is $243,000, with a year-over-year change of -4.7%. This indicates that home prices in Grand Prairie, TX are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$243,000-4.7%
Single Family $246,000-4.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$182,000-6.7%
    3 Bed
    		$242,000-4.7%
    4 Bed
    		$307,000-2.5%
    5 Bed $359,831-1.0%
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    % of Housing Stock

    Studio
    5.5%
    1 Bedroom
    14.7%
    2 Bedrooms
    26.7%
    3 Bedrooms
    40.6%
    4 Bedrooms
    11.0%
    5+ Bedrooms
    1.5%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.1%
    1 Bedroom
    26.0%
    2 Bedrooms
    41.0%
    3 Bedrooms
    21.2%
    4 Bedrooms
    5.2%
    5+ Bedrooms
    0.4%

    Property Listings — Grand Prairie, TX

    As of Dec '25, Realtor.com reports that the median days on market for a home in Grand Prairie, TX is 50. This is a increase of 5.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$286,000-5.0%
    Listing Count
    		59-12.0%
    Listings as % of Homes0.3%-12.0%
    Days on Market
    		623.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$243,000
    Median Household Income$53,100

    Grand Prairie, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Grand Prairie, TX

    75050

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    Frequently Asked Questions