Lower Greenville, Dallas, TX—75206
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lower Greenville, Dallas, TX
As of Oct '25, the median home price in Lower Greenville, Dallas, TX is $586,000, with a year-over-year change of 0.2%. This indicates that home prices in Lower Greenville, Dallas, TX are flat. 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 | $586,000 | 0.2% |
| Single Family | $712,000 | 0.4% |
| Condos | $255,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $204,000 | -1.0% |
2 Bed | $437,000 | 1.6% |
3 Bed | $771,000 | 0.1% |
4 Bed | $1,132,000 | 1.1% |
| 5 Bed | $1,375,000 | 0.7% |
% of Housing Stock
Rental Trends — Lower Greenville, Dallas, TX
As of July '25, Rentcast reports the average rent in Lower Greenville, Dallas, TX is $2,400, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Lower Greenville, Dallas, TX is studios: $1,490, 1-bedrooms: $1,760, 2-bedrooms: $2,590, 3-bedrooms: $4,340, 4-bedrooms: $6,960. The most common rental property sizes in Lower Greenville, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 51.9% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,400 |
| Studio Rent | $1,510 | $1,490 |
| 1 Bed Rent | $1,730 | $1,760 |
| 2 Bed Rent | $2,410 | $2,590 |
| 3 Bed Rent | $4,200 | $4,340 |
| 4 Bed Rent | $6,900 | $6,960 |
% of Rental Stock
Property Listings — Lower Greenville, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lower Greenville, Dallas, TX is 51. This is a increase of 27.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $539,000 | -13.0% |
Listing Count | 196 | 1.0% |
| Listings as % of Homes | 0.3% | 1.0% |
Days on Market | 51 | 27.0% |
Demographics — Lower Greenville, Dallas, TX
As of the latest ACS Survey released in 2023, Lower Greenville, Dallas, TX has a population of 38,800, which has increased by 1.1% over the past 5 years. Lower Greenville, Dallas, TX is a less popular place for families, as children make up 10.6% of the population. The area has a highly educated workforce, with 76.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,800 | 1.1% |
% Under 18 | 10.6% | -17.8% |
% Seniors | 7.4% | -5.1% |
% WFH | 21.9% | 291.1% |
% w/ College Degree | 76.6% | 20.3% |
As of the latest ACS Survey released in 2023, Lower Greenville, Dallas, TX is a predominantly white area, with 64.3% of the population identifying as white. The white population has grown by 4.7% in the last 5 years. The second most common race or ethnicity in Lower Greenville, Dallas, TX is hispanic, making up 14.3% of the population. Foreign-born residents account for 13.8% of the population in Lower Greenville, Dallas, TX, and this percentage has decreased by 28.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.3% | 4.7% |
% Black | 8.6% | 53.6% |
% Hispanic | 14.3% | -38.4% |
% Asian | 8.9% | 15.6% |
% Foreign Born | 13.8% | -28.5% |
Mortgage and Risk — Lower Greenville, Dallas, TX
According to HUD data as of 2023, there were 502 mortgage originations in Lower Greenville, Dallas, TX, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Lower Greenville, Dallas, TX. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 502 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Lower Greenville, Dallas, TX
As of 2024, the percent of homes in Lower Greenville, Dallas, TX under the Section 8 program is 1.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Lower Greenville, Dallas, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 343 |
Total Units Section 8 | 343 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 80.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,730 | $1,990 |
| 2 Bedroom | -$80 | $2,410 | $2,330 |
| 3 Bedroom | -$1,280 | $4,200 | $2,920 |
| 4 Bedroom | -$3,150 | $6,900 | $3,750 |
Affordability — Lower Greenville, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $586,000 |
| Median Household Income | $88,500 |