Hollywood/Santa Monica, Dallas, TX—75223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hollywood/Santa Monica, Dallas, TX
As of Oct '25, the median home price in Hollywood/Santa Monica, Dallas, TX is $245,000, with a year-over-year change of -9.3%. This indicates that home prices in Hollywood/Santa Monica, Dallas, TX are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | -9.3% |
| Single Family | $245,000 | -8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $106,000 | -8.6% |
2 Bed | $209,000 | -8.3% |
3 Bed | $272,000 | -8.4% |
4 Bed | $376,000 | -4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hollywood/Santa Monica, Dallas, TX
As of July '25, Rentcast reports the average rent in Hollywood/Santa Monica, Dallas, TX is $2,330, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Hollywood/Santa Monica, Dallas, TX is studios: $1,500, 1-bedrooms: $1,350, 2-bedrooms: $1,630, 3-bedrooms: $3,110, 4-bedrooms: $5,150. The most common rental property sizes in Hollywood/Santa Monica, Dallas, TX are 2-bedroom and 3-bedroom, accounting for 33.7% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,330 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,380 | $1,350 |
| 2 Bed Rent | $1,400 | $1,630 |
| 3 Bed Rent | $3,000 | $3,110 |
| 4 Bed Rent | $2,800 | $5,150 |
% of Rental Stock
Property Listings — Hollywood/Santa Monica, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Hollywood/Santa Monica, Dallas, TX is 62. This is a decrease of -19.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $524,000 | 40.0% |
Listing Count | 62 | 61.0% |
| Listings as % of Homes | 0.7% | 61.0% |
Days on Market | 62 | -19.0% |
Demographics — Hollywood/Santa Monica, Dallas, TX
As of the latest ACS Survey released in 2023, Hollywood/Santa Monica, Dallas, TX has a population of 11,900, which has decreased by -21.5% over the past 5 years. Hollywood/Santa Monica, Dallas, TX is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | -21.5% |
% Under 18 | 21.8% | -23.8% |
% Seniors | 11.1% | 12.1% |
% WFH | 9.1% | 250.0% |
% w/ College Degree | 24.1% | 21.7% |
As of the latest ACS Survey released in 2023, Hollywood/Santa Monica, Dallas, TX is a predominantly hispanic area, with 66.4% of the population identifying as hispanic. The hispanic population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Hollywood/Santa Monica, Dallas, TX is white, making up 17.6% of the population. Foreign-born residents account for 30.2% of the population in Hollywood/Santa Monica, Dallas, TX, and this percentage has decreased by 5.3% 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 | 17.6% | -8.3% |
% Black | 12.3% | 9.8% |
% Hispanic | 66.4% | -2.8% |
% Asian | 1.9% | 111.1% |
% Foreign Born | 30.2% | -5.3% |
Mortgage and Risk — Hollywood/Santa Monica, Dallas, TX
According to HUD data as of 2023, there were 133 mortgage originations in Hollywood/Santa Monica, Dallas, TX, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Hollywood/Santa Monica, Dallas, TX. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hollywood/Santa Monica, Dallas, TX
As of 2024, the percent of homes in Hollywood/Santa Monica, Dallas, TX under the Section 8 program is 9.6%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Hollywood/Santa Monica, Dallas, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 197 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,380 | $1,440 |
| 2 Bedroom | $290 | $1,400 | $1,690 |
| 3 Bedroom | -$880 | $3,000 | $2,120 |
| 4 Bedroom | -$80 | $2,800 | $2,720 |
Affordability — Hollywood/Santa Monica, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $245,000 |
| Median Household Income | $66,600 |