Grand Prairie, TX—75054
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 $486,000, with a year-over-year change of -2.6%. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $486,000 | -2.6% |
| Single Family | $486,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $384,000 | -4.2% |
4 Bed | $471,000 | -3.1% |
| 5 Bed | $589,000 | -1.8% |
% of Housing Stock
Rental Trends — Grand Prairie, TX
As of July '25, Rentcast reports the average rent in Grand Prairie, TX is $2,880, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Grand Prairie, TX is 1-bedrooms: $1,480, 2-bedrooms: $1,990, 3-bedrooms: $2,880, 4-bedrooms: $3,150. The most common rental property sizes in Grand Prairie, TX are 2-bedroom and 1-bedroom, accounting for 51.0% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,360 | $1,480 |
| 2 Bed Rent | $1,950 | $1,990 |
| 3 Bed Rent | $2,800 | $2,880 |
| 4 Bed Rent | $3,050 | $3,150 |
% 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 59. 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $491,000 | 4.0% |
Listing Count | 80 | -2.0% |
| Listings as % of Homes | 1.1% | -2.0% |
Days on Market | 59 | 19.0% |
Demographics — Grand Prairie, TX
As of the latest ACS Survey released in 2023, Grand Prairie, TX has a population of 17,500, which has increased by 64.7% over the past 5 years. Grand Prairie, TX is a popular place for families, as children make up 36.2% of the population. The area has a highly educated workforce, with 61.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | 64.7% |
% Under 18 | 36.2% | 12.8% |
% Seniors | 8.6% | 65.4% |
% WFH | 19.4% | 203.1% |
% w/ College Degree | 61.3% | 13.5% |
As of the latest ACS Survey released in 2023, Grand Prairie, TX is a predominantly white area, with 35.7% of the population identifying as white. The white population has grown by 19.4% in the last 5 years. The second most common race or ethnicity in Grand Prairie, TX is black, making up 34.7% of the population. Foreign-born residents account for 19.1% of the population in Grand Prairie, TX, and this percentage has increased by 24.0% 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 | 35.7% | 19.4% |
% Black | 34.7% | 8.1% |
% Hispanic | 14.0% | -36.7% |
% Asian | 12.0% | 7.1% |
% Foreign Born | 19.1% | 24.0% |
Mortgage and Risk — Grand Prairie, TX
According to HUD data as of 2023, there were 110 mortgage originations in Grand Prairie, TX, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Grand Prairie, TX. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
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 5.3%. 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 | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $830 | $1,360 | $2,190 |
| 2 Bedroom | $610 | $1,950 | $2,560 |
| 3 Bedroom | $590 | $2,800 | $3,390 |
| 4 Bedroom | $1,080 | $3,050 | $4,130 |
Affordability — Grand Prairie, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $486,000 |
| Median Household Income | $162,000 |