Southwest Dallas, Dallas, TX—75237
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Dallas, Dallas, TX
As of Oct '25, the median home price in Southwest Dallas, Dallas, TX is $263,000, with a year-over-year change of -5.0%. This indicates that home prices in Southwest Dallas, 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 | $263,000 | -5.0% |
| Single Family | $263,000 | -5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | -8.5% |
3 Bed | $256,000 | -5.5% |
4 Bed | $284,000 | -5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southwest Dallas, Dallas, TX
As of July '25, Rentcast reports the average rent in Southwest Dallas, Dallas, TX is $1,280, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Southwest Dallas, Dallas, TX is studios: $859, 1-bedrooms: $1,040, 2-bedrooms: $1,330, 3-bedrooms: $1,770, 4-bedrooms: $2,120. The most common rental property sizes in Southwest Dallas, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 45.0% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,140 | $1,280 |
| Studio Rent | $869 | $859 |
| 1 Bed Rent | $1,070 | $1,040 |
| 2 Bed Rent | $1,340 | $1,330 |
| 3 Bed Rent | $1,700 | $1,770 |
| 4 Bed Rent | $2,100 | $2,120 |
% of Rental Stock
Property Listings — Southwest Dallas, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Dallas, Dallas, TX is 94. This is a increase of 76.0% 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 | $314,000 | 6.0% |
Listing Count | 6 | -35.0% |
| Listings as % of Homes | 0.1% | -35.0% |
Days on Market | 94 | 76.0% |
Demographics — Southwest Dallas, Dallas, TX
As of the latest ACS Survey released in 2023, Southwest Dallas, Dallas, TX has a population of 18,700, which has decreased by -9.8% over the past 5 years. Southwest Dallas, Dallas, TX is a popular place for families, as children make up 30.1% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | -9.8% |
% Under 18 | 30.1% | -8.5% |
% Seniors | 7.6% | 28.8% |
% WFH | 8.8% | 1,157.1% |
% w/ College Degree | 16.5% | 16.2% |
As of the latest ACS Survey released in 2023, Southwest Dallas, Dallas, TX is a predominantly black area, with 74.2% of the population identifying as black. The black population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Southwest Dallas, Dallas, TX is hispanic, making up 22.1% of the population. Foreign-born residents account for 9.9% of the population in Southwest Dallas, Dallas, TX, and this percentage has increased by 25.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 2.2% | 29.4% |
% Black | 74.2% | -6.1% |
% Hispanic | 22.1% | 29.2% |
% Asian | 0.3% | -66.7% |
% Foreign Born | 9.9% | 25.3% |
Mortgage and Risk — Southwest Dallas, Dallas, TX
According to HUD data as of 2023, there were 45 mortgage originations in Southwest Dallas, Dallas, TX, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Dallas, Dallas, TX. Investor activity is low, as 2.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 27.0% |
Loan Activity
Rentals and Section 8 — Southwest Dallas, Dallas, TX
As of 2024, the percent of homes in Southwest Dallas, Dallas, TX under the Section 8 program is 14.7%. 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. In Southwest Dallas, Dallas, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 862 |
Total Units Section 8 | 862 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,070 | $1,260 |
| 2 Bedroom | $140 | $1,340 | $1,480 |
| 3 Bedroom | $150 | $1,700 | $1,850 |
| 4 Bedroom | $280 | $2,100 | $2,380 |
Affordability — Southwest Dallas, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $263,000 |
| Median Household Income | $43,100 |