Southern Dallas, Dallas, TX—75241
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Southern Dallas, Dallas, TX
Home Price Trends — Southern Dallas, Dallas, TX
As of Oct '25, the median home price in Southern Dallas, Dallas, TX is $208,000, with a year-over-year change of -7.2%. This indicates that home prices in Southern 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 | $208,000 | -7.2% |
| Single Family | $208,000 | -7.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $161,000 | -6.4% |
3 Bed | $208,000 | -8.0% |
4 Bed | $247,000 | -5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southern Dallas, Dallas, TX
As of July '25, Rentcast reports the average rent in Southern Dallas, Dallas, TX is $1,760, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Southern Dallas, Dallas, TX is 1-bedrooms: $779, 2-bedrooms: $1,170, 3-bedrooms: $1,870, 4-bedrooms: $2,010. The most common rental property sizes in Southern Dallas, Dallas, TX are 3-bedroom and 2-bedroom, accounting for 44.5% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $754 | $779 |
| 2 Bed Rent | $1,080 | $1,170 |
| 3 Bed Rent | $1,840 | $1,870 |
| 4 Bed Rent | $1,920 | $2,010 |
% of Rental Stock
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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | -6.0% |
Listing Count | 151 | -8.0% |
| Listings as % of Homes | 0.6% | -8.0% |
Days on Market | 63 | 12.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,600 | 9.5% |
% Under 18 | 28.8% | 2.5% |
% Seniors | 13.6% | -9.3% |
% WFH | 6.5% | 103.1% |
% w/ College Degree | 11.2% | 3.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $208,000 |
| Median Household Income | $51,200 |