Lakewood, Dallas, TX—75214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakewood, Dallas, TX
As of Oct '25, the median home price in Lakewood, Dallas, TX is $793,000, with a year-over-year change of -0.2%. This indicates that home prices in Lakewood, Dallas, TX are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $793,000 | -0.2% |
| Single Family | $832,000 | 0.2% |
| Condos | $248,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $185,000 | -3.1% |
2 Bed | $532,000 | -0.4% |
3 Bed | $739,000 | -0.1% |
4 Bed | $1,300,000 | 2.4% |
| 5 Bed | $1,868,000 | 2.1% |
% of Housing Stock
Rental Trends — Lakewood, Dallas, TX
As of July '25, Rentcast reports the average rent in Lakewood, Dallas, TX is $2,410, with a year-over-year rent change of 22.3%. Per bedroom, the median rent as of July '25 in Lakewood, Dallas, TX is studios: $1,090, 1-bedrooms: $1,450, 2-bedrooms: $2,440, 3-bedrooms: $3,950, 4-bedrooms: $5,040. The most common rental property sizes in Lakewood, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 45.5% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $2,410 |
| Studio Rent | $915 | $1,090 |
| 1 Bed Rent | $1,400 | $1,450 |
| 2 Bed Rent | $2,200 | $2,440 |
| 3 Bed Rent | $3,800 | $3,950 |
| 4 Bed Rent | $5,000 | $5,040 |
% of Rental Stock
Property Listings — Lakewood, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakewood, Dallas, TX is 50. This is a increase of 11.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $968,000 | 11.0% |
Listing Count | 195 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 50 | 11.0% |
Demographics — Lakewood, Dallas, TX
As of the latest ACS Survey released in 2023, Lakewood, Dallas, TX has a population of 35,000, which has increased by 3.2% over the past 5 years. Lakewood, Dallas, TX is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 70.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,000 | 3.2% |
% Under 18 | 21.9% | 6.8% |
% Seniors | 12.6% | -5.3% |
% WFH | 26.4% | 203.4% |
% w/ College Degree | 70.6% | 7.1% |
As of the latest ACS Survey released in 2023, Lakewood, Dallas, TX is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Lakewood, Dallas, TX is hispanic, making up 15.6% of the population. Foreign-born residents account for 8.7% of the population in Lakewood, Dallas, TX, and this percentage has decreased by 7.4% 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 | 71.0% | -1.4% |
% Black | 6.9% | 7.8% |
% Hispanic | 15.6% | -5.5% |
% Asian | 2.5% | -10.7% |
% Foreign Born | 8.7% | -7.4% |
Mortgage and Risk — Lakewood, Dallas, TX
According to HUD data as of 2023, there were 639 mortgage originations in Lakewood, Dallas, TX, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakewood, Dallas, TX. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 639 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lakewood, Dallas, TX
As of 2024, the percent of homes in Lakewood, Dallas, 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lakewood, 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 | 369 |
Total Units Section 8 | 313 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 85.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,400 | $1,870 |
| 2 Bedroom | -$10 | $2,200 | $2,190 |
| 3 Bedroom | -$1,060 | $3,800 | $2,740 |
| 4 Bedroom | -$1,470 | $5,000 | $3,530 |
Affordability — Lakewood, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $793,000 |
| Median Household Income | $129,000 |