Northwest Dallas, Dallas, TX—75220
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Northwest Dallas, Dallas, TX
Home Price Trends — Northwest Dallas, Dallas, TX
As of Oct '25, the median home price in Northwest Dallas, Dallas, TX is $495,000, with a year-over-year change of 2.3%. This indicates that home prices in Northwest Dallas, Dallas, TX are increasing. 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 | $495,000 | 2.3% |
| Single Family | $548,000 | 3.6% |
| Condos | $95,000 | -7.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $75,000 | -2.6% |
2 Bed | $286,000 | 1.4% |
3 Bed | $458,000 | 2.5% |
4 Bed | $1,304,000 | 1.7% |
| 5 Bed | $3,306,000 | 6.1% |
% of Housing Stock
Rental Trends — Northwest Dallas, Dallas, TX
As of July '25, Rentcast reports the average rent in Northwest Dallas, Dallas, TX is $2,570, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Northwest Dallas, Dallas, TX is studios: $1,020, 1-bedrooms: $1,220, 2-bedrooms: $2,050, 3-bedrooms: $3,100, 4-bedrooms: $5,860. The most common rental property sizes in Northwest Dallas, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 44.7% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $2,570 |
| Studio Rent | $975 | $1,020 |
| 1 Bed Rent | $1,260 | $1,220 |
| 2 Bed Rent | $2,020 | $2,050 |
| 3 Bed Rent | $2,700 | $3,100 |
| 4 Bed Rent | $6,200 | $5,860 |
% of Rental Stock
Property Listings — Northwest Dallas, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwest Dallas, Dallas, TX is 50. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter 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 | $1,360,000 | 28.0% |
Listing Count | 145 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 50 | -10.0% |
Demographics — Northwest Dallas, Dallas, TX
As of the latest ACS Survey released in 2023, Northwest Dallas, Dallas, TX has a population of 39,800, which has decreased by -7.6% over the past 5 years. Northwest Dallas, Dallas, TX is a popular place for families, as children make up 29.4% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,800 | -7.6% |
% Under 18 | 29.4% | 3.5% |
% Seniors | 7.6% | 15.2% |
% WFH | 7.5% | 177.8% |
% w/ College Degree | 23.4% | 21.2% |
As of the latest ACS Survey released in 2023, Northwest Dallas, Dallas, TX is a predominantly hispanic area, with 72.5% of the population identifying as hispanic. The hispanic population has grown by 26.7% in the last 5 years. The second most common race or ethnicity in Northwest Dallas, Dallas, TX is white, making up 20.9% of the population. Foreign-born residents account for 45.6% of the population in Northwest Dallas, Dallas, TX, and this percentage has decreased by 0.2% 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 | 20.9% | -44.9% |
% Black | 4.2% | 23.5% |
% Hispanic | 72.5% | 26.7% |
% Asian | 1.7% | 88.9% |
% Foreign Born | 45.6% | -0.2% |
Mortgage and Risk — Northwest Dallas, Dallas, TX
According to HUD data as of 2023, there were 250 mortgage originations in Northwest Dallas, Dallas, TX, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Northwest Dallas, Dallas, TX. Investor activity is low, as 2.0% 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 | 250 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Northwest Dallas, Dallas, TX
As of 2024, the percent of homes in Northwest Dallas, Dallas, TX under the Section 8 program is 0.3%. 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 Northwest Dallas, 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 | 22 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,260 | $1,400 |
| 2 Bedroom | -$380 | $2,020 | $1,640 |
| 3 Bedroom | -$640 | $2,700 | $2,060 |
| 4 Bedroom | -$3,560 | $6,200 | $2,640 |
Affordability — Northwest Dallas, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $495,000 |
| Median Household Income | $57,800 |