Grand Prairie, TX—75052
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 $321,000, with a year-over-year change of -3.7%. This indicates that home prices in Grand Prairie, TX are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $321,000 | -3.7% |
| Single Family | $321,000 | -3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $200,000 | -7.0% |
3 Bed | $298,000 | -3.9% |
4 Bed | $364,000 | -3.4% |
| 5 Bed | $458,000 | -2.6% |
% 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 -3.1%. Per bedroom, the median rent as of July '25 in Grand Prairie, TX is studios: $1,270, 1-bedrooms: $1,250, 2-bedrooms: $1,680, 3-bedrooms: $2,360, 4-bedrooms: $2,930. The most common rental property sizes in Grand Prairie, TX are 2-bedroom and 1-bedroom, accounting for 29.0% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,630 | $1,880 |
| Studio Rent | $1,250 | $1,270 |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,630 | $1,680 |
| 3 Bed Rent | $2,300 | $2,360 |
| 4 Bed Rent | $2,610 | $2,930 |
% 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 49. This is a increase of 13.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $352,000 | -4.0% |
Listing Count | 227 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 49 | 13.0% |
Demographics — Grand Prairie, TX
As of the latest ACS Survey released in 2023, Grand Prairie, TX has a population of 95,500, which has remained stable by -0.0% over the past 5 years. Grand Prairie, TX is a popular place for families, as children make up 28.1% of the population. The area has a moderately educated workforce, with 32.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 95,500 | 0.0% |
% Under 18 | 28.1% | 3.3% |
% Seniors | 10.5% | 19.3% |
% WFH | 11.7% | 317.9% |
% w/ College Degree | 32.5% | 19.5% |
As of the latest ACS Survey released in 2023, Grand Prairie, TX is a predominantly hispanic area, with 39.5% of the population identifying as hispanic. The hispanic population has grown by 9.7% in the last 5 years. The second most common race or ethnicity in Grand Prairie, TX is black, making up 30.3% of the population. Foreign-born residents account for 21.0% of the population in Grand Prairie, TX, and this percentage has increased by 3.4% 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 | 19.3% | -13.8% |
% Black | 30.3% | 8.2% |
% Hispanic | 39.5% | 9.7% |
% Asian | 9.4% | -16.1% |
% Foreign Born | 21.0% | 3.4% |
Mortgage and Risk — Grand Prairie, TX
According to HUD data as of 2023, there were 655 mortgage originations in Grand Prairie, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Grand Prairie, TX. Investor activity is low, as 3.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 655 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 21.0% |
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 4.0%. 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 | 552 |
Total Units Section 8 | 536 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,250 | $1,730 |
| 2 Bedroom | $400 | $1,630 | $2,030 |
| 3 Bedroom | $300 | $2,300 | $2,600 |
| 4 Bedroom | $650 | $2,610 | $3,260 |
Affordability — Grand Prairie, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $321,000 |
| Median Household Income | $87,300 |