Far North Dallas, Dallas, TX—75287
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 $461,000, with a year-over-year change of -4.4%. This indicates that home prices in Far North Dallas, Dallas, TX are decreasing. 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 | $461,000 | -4.4% |
| Single Family | $484,000 | -4.5% |
| Condos | $235,000 | -8.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | -6.5% |
2 Bed | $272,000 | -5.9% |
3 Bed | $406,000 | -4.5% |
4 Bed | $691,000 | -2.1% |
| 5 Bed | $1,133,000 | 2.7% |
% 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 $1,460, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Far North Dallas, Dallas, TX is studios: $1,050, 1-bedrooms: $1,170, 2-bedrooms: $1,650, 3-bedrooms: $2,540, 4-bedrooms: $3,920. The most common rental property sizes in Far North Dallas, Dallas, TX are 1-bedroom and 2-bedroom, accounting for 54.9% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,330 | $1,460 |
| Studio Rent | $926 | $1,050 |
| 1 Bed Rent | $1,140 | $1,170 |
| 2 Bed Rent | $1,640 | $1,650 |
| 3 Bed Rent | $2,400 | $2,540 |
| 4 Bed Rent | $3,200 | $3,920 |
% 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 64. This is a increase of 57.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | -11.0% |
Listing Count | 90 | -3.0% |
| Listings as % of Homes | 0.1% | -3.0% |
Days on Market | 64 | 57.0% |
Demographics — Far North Dallas, Dallas, TX
As of the latest ACS Survey released in 2023, Far North Dallas, Dallas, TX has a population of 52,700, which has decreased by -3.9% over the past 5 years. Far North Dallas, Dallas, TX is a moderately popular place for families, as children make up 16.8% of the population. The area has a highly educated workforce, with 46.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,700 | -3.9% |
% Under 18 | 16.8% | -16.0% |
% Seniors | 9.6% | 47.7% |
% WFH | 17.8% | 217.9% |
% w/ College Degree | 46.3% | 0.7% |
As of the latest ACS Survey released in 2023, Far North Dallas, Dallas, TX is a predominantly white area, with 34.0% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in Far North Dallas, Dallas, TX is hispanic, making up 27.9% of the population. Foreign-born residents account for 25.8% of the population in Far North Dallas, Dallas, TX, and this percentage has increased by 23.4% 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 | 34.0% | -10.8% |
% Black | 27.2% | -3.5% |
% Hispanic | 27.9% | 35.4% |
% Asian | 6.7% | 0.0% |
% Foreign Born | 25.8% | 23.4% |
Mortgage and Risk — Far North Dallas, Dallas, TX
According to HUD data as of 2023, there were 146 mortgage originations in Far North Dallas, Dallas, TX, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Far North Dallas, Dallas, TX. Investor activity is low, as 2.0% 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 | 146 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
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 1.9%. 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. In Far North 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 | 434 |
Total Units Section 8 | 335 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,140 | $1,770 |
| 2 Bedroom | $440 | $1,640 | $2,080 |
| 3 Bedroom | $210 | $2,400 | $2,610 |
| 4 Bedroom | $150 | $3,200 | $3,350 |
Affordability — Far North Dallas, Dallas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $461,000 |
| Median Household Income | $62,500 |