Dallas October First-Time Homebuyer Report

Dallas has a much older population than other areas in Texas with a median age of 31 years. It is also somewhat affluent with a median income of $44,826 per household. Its three largest zip codes are 75052, 75217, and 75211. Detached homes account for 74% of the area's current housing market. The best schools in the city are Bowie Elementary School, William B Travis Acdmy/Vngrd for Academically Tag, and Highland Park High School.

Price Range

The housing prices of Dallas are close to the state average with a median home value of $79,500 and a current average list price of $436,897. 75225, 75251, and 75205 have the highest worth in the city.

Curious as to which homes have been getting the most attention in Dallas? These listings have stirred up interest and produced the most views:

$28.5M   $27.5M   $515K  

Typical Dwelling

A three-bedroom detached home valued around $333,131 is considered a typical dwelling in Dallas. If a buyer was looking for a similar home, they would need good credit and a $66,626 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,715 and the property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out Dallas homes for sale or reviewing Dallas real estate trends.

Data reported through 10/13/2016


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Texas Urban Living
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