Southern Dallas, Dallas, TX75241

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$208,000
7.2% YoY Growth
Median Household Income
$51,200
57.8% 5-Year Growth
Days on Market
63
12.0% Longer than last year
Home Price Forecast
-0.8%
Median Rent
$1,820
8.3% YoY Growth
1-Bed Rent
$754
9.2% YoY Growth
2-Bed Rent
$1,080
29.4% YoY Growth
3-Bed Rent
$1,840
0.5% YoY Growth

Other Zip Codes in Southern Dallas, Dallas, TX

Property Listings — Southern Dallas, Dallas, TX

As of Oct '25, Realtor.com reports that the median days on market for a home in Southern Dallas, Dallas, TX is 63. This is a increase of 12.0% 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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$263,000-6.0%
Listing Count
151-8.0%
Listings as % of Homes0.6%-8.0%
Days on Market
6312.0%
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Demographics — Southern Dallas, Dallas, TX

As of the latest ACS Survey released in 2023, Southern Dallas, Dallas, TX has a population of 33,600, which has increased by 9.5% over the past 5 years. Southern Dallas, Dallas, TX is a popular place for families, as children make up 28.8% of the population. The area has a poorly educated workforce, with 11.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

MetricLatest CensusYoY % Change
Population
33,6009.5%
% Under 18
28.8%2.5%
% Seniors
13.6%-9.3%
% WFH
6.5%103.1%
% w/ College Degree
11.2%3.7%
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As of the latest ACS Survey released in 2023, Southern Dallas, Dallas, TX is a predominantly black area, with 62.3% of the population identifying as black. The black population has shrunk by 20.7% in the last 5 years. The second most common race or ethnicity in Southern Dallas, Dallas, TX is hispanic, making up 29.9% of the population. Foreign-born residents account for 13.3% of the population in Southern Dallas, Dallas, TX, and this percentage has increased by 87.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
4.6%155.6%
% Black
62.3%-20.7%
% Hispanic
29.9%61.6%
% Asian
0.7%∞%
% Foreign Born
13.3%87.3%
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Mortgage and Risk — Southern Dallas, Dallas, TX

According to HUD data as of 2023, there were 366 mortgage originations in Southern Dallas, Dallas, TX, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Southern Dallas, Dallas, TX. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
366
% Conventional Loans
61.0%
% Government Loans
39.0%
% Investor Loans
2.0%
% Second Loans
1.0%
% Cash Out Refinance
16.0%

Loan Activity

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Rentals and Section 8 — Southern Dallas, Dallas, TX

As of 2024, the percent of homes in Southern Dallas, Dallas, TX under the Section 8 program is 37.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Southern 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
1,262
Total Units Section 8
1,180
% Rentals under Section 8
37.8%
% Occupied Section 8
80.5%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$606$754$1,360
2 Bedroom$510$1,080$1,590
3 Bedroom$150$1,840$1,990
4 Bedroom$640$1,920$2,560

Affordability — Southern Dallas, Dallas, TX

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio4.4
Median Home Price$208,000
Median Household Income$51,200

Southern Dallas, Dallas, TX — ZIP Code Boundary Map

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Frequently Asked Questions