Bishop Arts District, Dallas, TX—75208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bishop Arts District, Dallas, TX
As of Oct '25, the median home price in Bishop Arts District, Dallas, TX is $406,000, with a year-over-year change of -1.8%. This indicates that home prices in Bishop Arts District, Dallas, 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 | $406,000 | -1.8% |
| Single Family | $407,000 | -1.5% |
| Condos | $389,000 | -1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $186,000 | 0.5% |
2 Bed | $325,000 | -1.5% |
3 Bed | $425,000 | -1.4% |
4 Bed | $609,000 | -1.9% |
| 5 Bed | $689,000 | -3.9% |
% of Housing Stock
Rental Trends — Bishop Arts District, Dallas, TX
As of July '25, Rentcast reports the average rent in Bishop Arts District, Dallas, TX is $1,960, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Bishop Arts District, Dallas, TX is studios: $1,290, 1-bedrooms: $1,520, 2-bedrooms: $2,220, 3-bedrooms: $3,300, 4-bedrooms: $3,820. The most common rental property sizes in Bishop Arts District, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 48.0% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,710 | $1,960 |
| Studio Rent | $1,280 | $1,290 |
| 1 Bed Rent | $1,500 | $1,520 |
| 2 Bed Rent | $2,130 | $2,220 |
| 3 Bed Rent | $2,950 | $3,300 |
| 4 Bed Rent | $3,200 | $3,820 |
% of Rental Stock
Property Listings — Bishop Arts District, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Bishop Arts District, Dallas, TX is 52. This is a increase of 2.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | 0.0% |
Listing Count | 160 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 52 | 2.0% |
Demographics — Bishop Arts District, Dallas, TX
As of the latest ACS Survey released in 2023, Bishop Arts District, Dallas, TX has a population of 29,300, which has decreased by -1.4% over the past 5 years. Bishop Arts District, Dallas, TX is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 40.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,300 | -1.4% |
% Under 18 | 18.4% | -24.3% |
% Seniors | 12.8% | 26.7% |
% WFH | 15.9% | 231.2% |
% w/ College Degree | 40.8% | 26.3% |
As of the latest ACS Survey released in 2023, Bishop Arts District, Dallas, TX is a predominantly hispanic area, with 54.9% of the population identifying as hispanic. The hispanic population has shrunk by 19.0% in the last 5 years. The second most common race or ethnicity in Bishop Arts District, Dallas, TX is white, making up 34.5% of the population. Foreign-born residents account for 21.6% of the population in Bishop Arts District, Dallas, TX, and this percentage has decreased by 18.8% 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 | 34.5% | 38.6% |
% Black | 7.0% | 37.3% |
% Hispanic | 54.9% | -19.0% |
% Asian | 1.5% | 36.4% |
% Foreign Born | 21.6% | -18.8% |
Mortgage and Risk — Bishop Arts District, Dallas, TX
According to HUD data as of 2023, there were 373 mortgage originations in Bishop Arts District, Dallas, TX, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Bishop Arts District, Dallas, TX. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 373 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Bishop Arts District, Dallas, TX
As of 2024, the percent of homes in Bishop Arts District, Dallas, TX under the Section 8 program is 4.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Bishop Arts District, 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 | 428 |
Total Units Section 8 | 333 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 81.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,500 | $1,580 |
| 2 Bedroom | -$280 | $2,130 | $1,850 |
| 3 Bedroom | -$630 | $2,950 | $2,320 |
| 4 Bedroom | -$220 | $3,200 | $2,980 |
Affordability — Bishop Arts District, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $406,000 |
| Median Household Income | $76,500 |