North Dallas, Dallas, TX—75240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Dallas, Dallas, TX
As of Oct '25, the median home price in North Dallas, Dallas, TX is $400,000, with a year-over-year change of -4.6%. This indicates that home prices in North Dallas, Dallas, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $400,000 | -4.6% |
| Single Family | $454,000 | -3.4% |
| Condos | $151,000 | -9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $133,000 | -7.0% |
2 Bed | $240,000 | -7.7% |
3 Bed | $360,000 | -5.3% |
4 Bed | $775,000 | 1.6% |
| 5 Bed | $1,155,000 | 4.3% |
% of Housing Stock
Rental Trends — North Dallas, Dallas, TX
As of July '25, Rentcast reports the average rent in North Dallas, Dallas, TX is $2,010, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in North Dallas, Dallas, TX is studios: $1,120, 1-bedrooms: $1,570, 2-bedrooms: $2,090, 3-bedrooms: $3,080, 4-bedrooms: $4,410. The most common rental property sizes in North Dallas, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 43.6% and 37.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $2,010 |
| Studio Rent | $1,150 | $1,120 |
| 1 Bed Rent | $1,580 | $1,570 |
| 2 Bed Rent | $2,020 | $2,090 |
| 3 Bed Rent | $2,350 | $3,080 |
| 4 Bed Rent | $3,500 | $4,410 |
% of Rental Stock
Property Listings — North Dallas, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in North Dallas, Dallas, TX is 54. This is a increase of 6.0% 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 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 15.0% |
Listing Count | 64 | -4.0% |
| Listings as % of Homes | 0.2% | -4.0% |
Days on Market | 54 | 6.0% |
Demographics — North Dallas, Dallas, TX
As of the latest ACS Survey released in 2023, North Dallas, Dallas, TX has a population of 24,700, which has decreased by -13.4% over the past 5 years. North Dallas, Dallas, TX is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,700 | -13.4% |
% Under 18 | 24.8% | -14.8% |
% Seniors | 8.4% | 1.2% |
% WFH | 12.2% | 183.7% |
% w/ College Degree | 34.4% | 9.6% |
As of the latest ACS Survey released in 2023, North Dallas, Dallas, TX is a predominantly hispanic area, with 55.2% of the population identifying as hispanic. The hispanic population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in North Dallas, Dallas, TX is white, making up 21.8% of the population. Foreign-born residents account for 37.7% of the population in North Dallas, Dallas, TX, and this percentage has increased by 3.9% 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 | 21.8% | 2.3% |
% Black | 19.2% | 102.1% |
% Hispanic | 55.2% | -9.4% |
% Asian | 2.3% | -48.9% |
% Foreign Born | 37.7% | 3.9% |
Mortgage and Risk — North Dallas, Dallas, TX
According to HUD data as of 2023, there were 120 mortgage originations in North Dallas, Dallas, TX, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in North Dallas, Dallas, TX. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 120 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — North Dallas, Dallas, TX
As of 2024, the percent of homes in North Dallas, Dallas, TX under the Section 8 program is 3.9%. 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 North Dallas, Dallas, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 340 |
Total Units Section 8 | 322 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,580 | $1,470 |
| 2 Bedroom | -$290 | $2,020 | $1,730 |
| 3 Bedroom | -$180 | $2,350 | $2,170 |
| 4 Bedroom | -$720 | $3,500 | $2,780 |
Affordability — North Dallas, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $400,000 |
| Median Household Income | $56,100 |