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Dallas real estate market overview
- Average Monthly Rent: $1,423
- Home Price/Value Percentage Change: n/a
- Median Home Value: $400,000
- Best Time To Sell a Home: June
- Affordability Index: 99
- Days To Sell a House: 43
- Job Market: Fair
- Public School Ranking: 28
Location and weather
Dallas is the 9th largest city in the US and can be found on the rolling plains in the northern region of Texas, along the Trinity River. This modern metropolis city sits 35 miles east of Fort Worth and is considered the county seat of Dallas County. Amongst the 40+ miles of green space are tons of parks, forests, and trails, making it the perfect place for residents looking to live a city life that also offers outdoor recreation.
Dallas's moderate climate makes the weather here tolerable almost year-round, although there is some snow during the winter months. This city only receives around 40 inches of rain per year, and there are potential tornado hazards.
Population, job market and cost of living
Dallas has a population of 1,348,886, with a growth rate of 0.13% annually.
The job market has increased by 3.3% over the last year. In ten years, job growth is predicted to be 45.1%. Dallas has been described as an economic hotspot, and experienced the second-slowest rate of job loss during the pandemic. This city is one of the world's leading corporate headquarter centers, boasting 9 Fortune 500 companies and 17 Fortune 1000 companies. Some of these companies include American Airlines, GameStop, Celanese, Vistra Energy and D.R. Horton, Inc.
Dallas also boasts a strong education sector, as it's the home of University of Texas at Dallas and University of Northern Texas. This is one of the more expensive cities to live in Texas, with transportation weighing as the biggest expense here.
Dallas real estate market details
- Uptown
- Bishop Arts District
- Oak Lawn
- University Park
- Preston Hollow
- Lakewood
The average monthly rent in Dallas is $1,423 for an average apartment size of 848 sq. feet.
There has been little to no change in Dallas's median home value over the last year. As of 2022, the median home value is $400,000.
On average, homes in Dallas sell after 43 days on the market.
The best time to sell a home for the highest value and fastest sale is during June.
The affordability index in Dallas is 99. This number indicates decreased affordability in this city.
The top ranked public schools are George B Dealey Montessori Academy, Sudie L Williams Talented and Gifted Academy, Irma Rangel Young Women's Leadership School, and Dallas Environmental Science Academy. This information is based on data regarding academic performance and equity.