Dallas, OR 97338 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Dallas, OR—97338

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$467,000

1.3% YoY Growth

Household Income

$73,300

19.4% YoY Growth

Days on Market

36.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$1,680

3.7% YoY Growth

1-Bed Rent

$1,180

7.1% YoY Growth

2-Bed Rent

$1,600

14.9% YoY Growth

3-Bed Rent

$2,000

6.6% YoY Growth

Home Price Trends — Dallas, OR

As of Dec '25, the median home price in Dallas, OR is $467,000, with a year-over-year change of 1.3%. This indicates that home prices in Dallas, OR are increasing. 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	$467,000	1.3%
Single Family	$467,000	1.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

5.2%

1 Bedroom

19.6%

2 Bedrooms

45.1%

3 Bedrooms

24.5%

4 Bedrooms

3.7%

5+ Bedrooms

1.8%

Property Listings — Dallas, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Dallas, OR is 77. This is a decrease of -36.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$486,000	-1.0%
Listing Count	125	-11.0%
Listings as % of Homes	1.7%	-11.0%
Days on Market	80	-36.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Dallas, OR—97338

Key Metrics at a Glance

Home Price Trends — Dallas, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dallas, OR

% of Rental Stock

Property Listings — Dallas, OR

Demographics — Dallas, OR

Race and Ethnicity

Mortgage and Risk — Dallas, OR

Mortgages

Rentals and Section 8 — Dallas, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Dallas, OR

Home Price to Income Ratio

Dallas, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Falls City, OR

Bethel, OR

Monmouth, OR

Sheridan, OR

Independence, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6
Median Home Price	$467,000
Median Household Income	$73,300

Dallas, OR—97338

Key Metrics at a Glance

Home Price Trends — Dallas, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dallas, OR

% of Rental Stock

Property Listings — Dallas, OR

Demographics — Dallas, OR

Race and Ethnicity

Mortgage and Risk — Dallas, OR

Mortgages

Rentals and Section 8 — Dallas, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Dallas, OR

Home Price to Income Ratio

Dallas, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Falls City, OR

Bethel, OR

Monmouth, OR

Sheridan, OR

Independence, OR

Frequently Asked Questions

What is the average home price in Dallas, OR 97338?

How have home prices in Dallas, OR 97338 changed over the past year?

What is the home price projection for Dallas, OR 97338?

What are the demographics of Dallas, OR 97338?

How long does it take homes to sell in Dallas, OR 97338?

What is the average rent price in Dallas, OR 97338?