Oak Cliff First-Time Homebuyer Report for October

Oak Cliff is a smaller-than-average neighborhood in Dallas with a population of 11,137 residents, and it has a higher than average density compared to the rest of the city, with 9,548.5 people per square mile. With a median age of 60 years, homes in Oak Cliff tend to be older than most. Topping the list of best schools in the neighborhood is Booker T Washington Spva Magnet.

Culture

According to Foursquare, if shopping is your thing, you might enjoy Dude Sweet Chocolate, The Wild Detectives, and Bishop Street Market. If you like outdoor activities, some popular spots are Lake Cliff Park and Stevens Park Golf Course. And finally, The Kessler Theater and Texas Theatre are frequently visited spots for entertainment.

Price Range

Some of the least expensive homes in Dallas are in Oak Cliff with a median home value of $80,901, while the list prices of available homes is currently at an average of $417,630. While home sales in the Oak Cliff market have been above average, in this week's report they fell 16.2% to 31 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Oak Cliff:

$515K   $795K   $1M  

Typical Dwelling

The typical dwelling in Oak Cliff is a three-bedroom detached home worth about $402,162. To purchase a similar home, a buyer with good credit and a $80,432 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,037 monthly payment. The property tax rate is $17.84 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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