Northwest Dallas, Dallas, TX—75229
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 $701,000, with a year-over-year change of 1.6%. This indicates that home prices in Northwest Dallas, Dallas, TX are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $701,000 | 1.6% |
| Single Family | $702,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $290,000 | -7.9% |
3 Bed | $496,000 | 0.4% |
4 Bed | $951,000 | 3.6% |
| 5 Bed | $2,098,000 | 4.4% |
% of Housing Stock
Rental Trends — Northwest Dallas, Dallas, TX
As of July '25, Rentcast reports the average rent in Northwest Dallas, Dallas, TX is $3,680, with a year-over-year rent change of 38.9%. Per bedroom, the median rent as of July '25 in Northwest Dallas, Dallas, TX is studios: $996, 1-bedrooms: $1,170, 2-bedrooms: $1,930, 3-bedrooms: $3,810, 4-bedrooms: $5,190. The most common rental property sizes in Northwest Dallas, Dallas, TX are 2-bedroom and 1-bedroom, accounting for 33.6% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,680 |
| Studio Rent | $816 | $996 |
| 1 Bed Rent | $1,080 | $1,170 |
| 2 Bed Rent | $2,010 | $1,930 |
| 3 Bed Rent | $3,450 | $3,810 |
| 4 Bed Rent | $4,750 | $5,190 |
% 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 58. This is a increase of 23.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,520,000 | 42.0% |
Listing Count | 160 | 19.0% |
| Listings as % of Homes | 0.7% | 19.0% |
Days on Market | 58 | 23.0% |
Demographics — Northwest Dallas, Dallas, TX
As of the latest ACS Survey released in 2023, Northwest Dallas, Dallas, TX has a population of 33,900, which has increased by 6.7% over the past 5 years. Northwest Dallas, Dallas, TX is a popular place for families, as children make up 27.2% of the population. The area has a highly educated workforce, with 50.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,900 | 6.7% |
% Under 18 | 27.2% | 11.5% |
% Seniors | 11.6% | -3.3% |
% WFH | 16.1% | 96.3% |
% w/ College Degree | 50.1% | 7.5% |
As of the latest ACS Survey released in 2023, Northwest Dallas, Dallas, TX is a predominantly white area, with 50.5% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Northwest Dallas, Dallas, TX is hispanic, making up 40.4% of the population. Foreign-born residents account for 26.2% of the population in Northwest Dallas, Dallas, TX, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.5% | -14.4% |
% Black | 1.8% | -43.8% |
% Hispanic | 40.4% | 19.2% |
% Asian | 4.6% | 64.3% |
% Foreign Born | 26.2% | 0.0% |
Mortgage and Risk — Northwest Dallas, Dallas, TX
According to HUD data as of 2023, there were 432 mortgage originations in Northwest Dallas, Dallas, TX, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Northwest Dallas, Dallas, TX. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 432 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 1.4%. 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 | 54 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $1,080 | $1,570 |
| 2 Bedroom | -$170 | $2,010 | $1,840 |
| 3 Bedroom | -$1,140 | $3,450 | $2,310 |
| 4 Bedroom | -$1,790 | $4,750 | $2,960 |
Affordability — Northwest Dallas, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $701,000 |
| Median Household Income | $121,000 |