Craigslist House Posting For Rent In Dallas Tx (2024)

FAQs

What is the average price of a house in Dallas Texas? ›

Dallas, TX housing market

In April 2024, the median listing home price in Dallas, TX was $479K, flat year-over-year. The median listing home price per square foot was $268. The median home sold price was $390K.

Dallas, TX: Real Estate Market Summary:

Current Median Home Price: $210,100. 1-Year Appreciation Rate: 9.1%

Solterra Texas community notes that Dallas is not just a place to live; it's a place to thrive. The city's robust job market, fueled by diverse industries, offers residents a chance to pursue their career goals. A major contributor to Dallas's economic vitality is its strong business environment.

Typically, 4 to 6 months inventory is considered a balanced market, which is what we're seeing right now in many areas of North Texas, while Dallas and Collin County are still in seller's markets.

Dallasites need to make a $44.12 hourly wage to lead a comfortable lifestyle and avoid living paycheck to paycheck, says the report, which analyzed 99 major U.S. cities. The 2024 report also found that for a Dallas-based family of four, the total combined income needed to live a secure lifestyle is currently $208,000.

In conclusion, for a single person, the Dallas cost of living average, for 2023 is estimated to be around $2,489 per month, covering various expenses like housing, utilities, insurance, taxes, and more. For a family of four, the average cost of living in Dallas TX is $5,949.

Home Prices Decline

Dallas saw a minor decrease of 0.3 percent, while Houston declined by 1.7 percent.

It's a great time to invest in Dallas real estate, with a strong chance that property values will keep increasing. Whether you're thinking of buying a home in Dallas to sell later or keeping them as assets that grow in value, the potential for a good return on your investment is high.

Best Months to Sell a House

From May through September, Texas experiences a surge in real estate activity, making it an ideal period for sellers looking for a quick sale.

Where do celebrities live in Dallas? ›

In Dallas, celebrities and high-profile individuals gravitate towards the city's most upscale neighborhoods, known for their luxury, privacy, safety, and exclusivity. Highland Park and University Park stand out with their opulent homes and manicured streets, epitomizing classic Dallas luxury.

A new study by Realty Hop, found that Dallas housing has become 2.27x more expensive for Millennials and Gen Z than it was for Baby Boomers. In 1970, the median family income for Dallas was $10,019, and the median home value was $16,500.

At best, average overall home price levels could remain flat or, at most, dip slightly but stay near $340,000. Single-family rents are expected to fall, continuing their 2023 trend. Home sales have not bottomed out, and total sales are expected to remain flat in 2024 compared to 2023, at about 330,000 units.

Homeownership is also increasingly out of reach, with the city facing a shortage of roughly 60,000 for-sale homesin the price range teachers, bus drivers and other middle-income earners can afford.

The median home price in Texas as of October 2023 was $342,400, according to Redfin data. However, prices vary greatly depending on which part of the Texas housing market you're looking in.

DALLAS — Home buyers need to earn an income of $121,398 to comfortably afford a mortgage in North Texas, about $53,000 more than they needed in 2020, according to new data from Zillow. The data looked at the nationwide trend of home prices outpacing income gains over the last four years.

Texas' affordable housing is attributed to a combination of abundant land availability and competitively lower land prices, fueled by vast undeveloped areas and reduced land costs.

The Cost of Living in Dallas is Cheaper than Other Places

Though the cost of living on a whole is 3 percent above the national average, groceries and housing in Dallas both cost less than the national average. RentCafe lists the average rent in the city at around $1,600 a month.