Medical District, Dallas, TX—75235
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medical District, Dallas, TX
As of Oct '25, the median home price in Medical District, Dallas, TX is $266,000, with a year-over-year change of -5.5%. This indicates that home prices in Medical District, Dallas, TX are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | -5.5% |
| Single Family | $279,000 | -5.4% |
| Condos | $185,000 | -7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $135,000 | -8.8% |
2 Bed | $261,000 | -5.8% |
3 Bed | $293,000 | -4.9% |
4 Bed | $318,000 | -3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Medical District, Dallas, TX
As of July '25, Rentcast reports the average rent in Medical District, Dallas, TX is $1,810, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Medical District, Dallas, TX is studios: $1,270, 1-bedrooms: $1,510, 2-bedrooms: $2,130, 3-bedrooms: $2,610, 4-bedrooms: $6,380. The most common rental property sizes in Medical District, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 46.6% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,810 |
| Studio Rent | $1,280 | $1,270 |
| 1 Bed Rent | $1,510 | $1,510 |
| 2 Bed Rent | $2,060 | $2,130 |
| 3 Bed Rent | $2,800 | $2,610 |
| 4 Bed Rent | $6,500 | $6,380 |
% of Rental Stock
Property Listings — Medical District, Dallas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Medical District, Dallas, TX is 74. This is a increase of 53.0% 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 | $420,000 | 1.0% |
Listing Count | 57 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 74 | 53.0% |
Demographics — Medical District, Dallas, TX
As of the latest ACS Survey released in 2023, Medical District, Dallas, TX has a population of 19,100, which has remained stable by -0.4% over the past 5 years. Medical District, Dallas, TX is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 44.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,100 | -0.4% |
% Under 18 | 17.0% | 1.2% |
% Seniors | 7.0% | -24.7% |
% WFH | 12.4% | 552.6% |
% w/ College Degree | 44.6% | 48.7% |
As of the latest ACS Survey released in 2023, Medical District, Dallas, TX is a predominantly hispanic area, with 48.3% of the population identifying as hispanic. The hispanic population has grown by 8.8% in the last 5 years. The second most common race or ethnicity in Medical District, Dallas, TX is white, making up 23.7% of the population. Foreign-born residents account for 28.3% of the population in Medical District, Dallas, TX, and this percentage has decreased by 17.5% 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 | 23.7% | -31.1% |
% Black | 15.1% | -3.2% |
% Hispanic | 48.3% | 8.8% |
% Asian | 10.3% | 106.0% |
% Foreign Born | 28.3% | -17.5% |
Mortgage and Risk — Medical District, Dallas, TX
According to HUD data as of 2023, there were 112 mortgage originations in Medical District, Dallas, TX, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Medical District, Dallas, TX. Investor activity is low, as 11.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 11.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Medical District, Dallas, TX
As of 2024, the percent of homes in Medical District, Dallas, TX under the Section 8 program is 4.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Medical District, Dallas, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 287 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,510 | $1,650 |
| 2 Bedroom | -$120 | $2,060 | $1,940 |
| 3 Bedroom | -$370 | $2,800 | $2,430 |
| 4 Bedroom | -$3,380 | $6,500 | $3,120 |
Affordability — Medical District, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $266,000 |
| Median Household Income | $60,800 |