Far North Dallas, Dallas, TX—75248
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Far North Dallas, Dallas, TX
As of Oct '25, the median home price in Far North Dallas, Dallas, TX is $602,000, with a year-over-year change of -3.1%. This indicates that home prices in Far North Dallas, Dallas, TX are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $602,000 | -3.1% |
| Single Family | $662,000 | -2.9% |
| Condos | $181,000 | -8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $150,000 | -10.2% |
2 Bed | $261,000 | -7.8% |
3 Bed | $546,000 | -3.4% |
4 Bed | $719,000 | -2.6% |
| 5 Bed | $981,000 | -2.6% |
% of Housing Stock
Rental Trends — Far North Dallas, Dallas, TX
As of July '25, Rentcast reports the average rent in Far North Dallas, Dallas, TX is $2,140, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Far North Dallas, Dallas, TX is studios: $1,230, 1-bedrooms: $1,430, 2-bedrooms: $2,030, 3-bedrooms: $3,050, 4-bedrooms: $4,120. The most common rental property sizes in Far North Dallas, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 50.6% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,770 | $2,140 |
| Studio Rent | $1,400 | $1,230 |
| 1 Bed Rent | $1,380 | $1,430 |
| 2 Bed Rent | $1,950 | $2,030 |
| 3 Bed Rent | $2,990 | $3,050 |
| 4 Bed Rent | $4,200 | $4,120 |
% of Rental Stock
Property Listings — Far North Dallas, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Far North Dallas, Dallas, TX is 55. This is a increase of 20.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $630,000 | 0.0% |
Listing Count | 186 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 55 | 20.0% |
Demographics — Far North Dallas, Dallas, TX
As of the latest ACS Survey released in 2023, Far North Dallas, Dallas, TX has a population of 37,600, which has increased by 2.2% over the past 5 years. Far North Dallas, Dallas, TX is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 65.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | 2.2% |
% Under 18 | 20.2% | 6.9% |
% Seniors | 18.8% | 3.3% |
% WFH | 23.2% | 160.7% |
% w/ College Degree | 65.3% | 10.5% |
As of the latest ACS Survey released in 2023, Far North Dallas, Dallas, TX is a predominantly white area, with 63.5% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Far North Dallas, Dallas, TX is hispanic, making up 16.1% of the population. Foreign-born residents account for 14.6% of the population in Far North Dallas, Dallas, TX, and this percentage has decreased by 20.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.5% | 3.6% |
% Black | 11.0% | 23.6% |
% Hispanic | 16.1% | -18.3% |
% Asian | 4.5% | -16.7% |
% Foreign Born | 14.6% | -20.7% |
Mortgage and Risk — Far North Dallas, Dallas, TX
According to HUD data as of 2023, there were 455 mortgage originations in Far North Dallas, Dallas, TX, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Far North Dallas, Dallas, TX. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 455 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Far North Dallas, Dallas, TX
As of 2024, the percent of homes in Far North Dallas, Dallas, TX under the Section 8 program is 0.5%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Far North Dallas, Dallas, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,380 | $1,880 |
| 2 Bedroom | $260 | $1,950 | $2,210 |
| 3 Bedroom | -$220 | $2,990 | $2,770 |
| 4 Bedroom | -$640 | $4,200 | $3,560 |
Affordability — Far North Dallas, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $602,000 |
| Median Household Income | $103,000 |