Dallas, OR—97338
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dallas, OR
As of Oct '25, the median home price in Dallas, OR is $470,000, with a year-over-year change of 1.1%. This indicates that home prices in Dallas, OR are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $470,000 | 1.1% |
| Single Family | $471,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $367,000 | 1.1% |
3 Bed | $459,000 | 1.1% |
4 Bed | $548,000 | 1.7% |
| 5 Bed | $638,000 | 1.9% |
% of Housing Stock
Rental Trends — Dallas, OR
As of July '25, Rentcast reports the average rent in Dallas, OR is $1,670, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Dallas, OR is studios: $1,320, 1-bedrooms: $1,200, 2-bedrooms: $1,540, 3-bedrooms: $2,130, 4-bedrooms: $2,050. The most common rental property sizes in Dallas, OR are 2-bedroom and 3-bedroom, accounting for 45.1% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,670 |
| Studio Rent | $825 | $1,320 |
| 1 Bed Rent | $1,180 | $1,200 |
| 2 Bed Rent | $1,600 | $1,540 |
| 3 Bed Rent | $2,000 | $2,130 |
| 4 Bed Rent | $2,050 | $2,050 |
% of Rental Stock
Property Listings — Dallas, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Dallas, OR is 70. This is a decrease of -37.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $535,000 | 2.0% |
Listing Count | 136 | -12.0% |
| Listings as % of Homes | 1.7% | -12.0% |
Days on Market | 70 | -37.0% |
Demographics — Dallas, OR
As of the latest ACS Survey released in 2023, Dallas, OR has a population of 23,000, which has increased by 6.7% over the past 5 years. Dallas, OR is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | 6.7% |
% Under 18 | 19.1% | -8.2% |
% Seniors | 23.5% | 5.9% |
% WFH | 11.9% | 91.9% |
% w/ College Degree | 25.4% | 1.6% |
As of the latest ACS Survey released in 2023, Dallas, OR is a predominantly white area, with 81.4% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Dallas, OR is hispanic, making up 10.0% of the population. Foreign-born residents account for 3.5% of the population in Dallas, OR, and this percentage has increased by 34.6% 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 | 81.4% | -9.7% |
% Black | 0.8% | 300.0% |
% Hispanic | 10.0% | 75.4% |
% Asian | 0.3% | -81.2% |
% Foreign Born | 3.5% | 34.6% |
Mortgage and Risk — Dallas, OR
According to HUD data as of 2023, there were 526 mortgage originations in Dallas, OR, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Dallas, OR. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 526 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Dallas, OR
As of 2024, the percent of homes in Dallas, OR under the Section 8 program is 14.0%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Dallas, OR, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 402 |
Total Units Section 8 | 341 |
% Rentals under Section 8 | 14.0% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,180 | $1,100 |
| 2 Bedroom | -$180 | $1,600 | $1,420 |
| 3 Bedroom | -$20 | $2,000 | $1,980 |
| 4 Bedroom | $100 | $2,050 | $2,150 |
Affordability — Dallas, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $470,000 |
| Median Household Income | $73,300 |