Dallas, TX

Population: 1,281,047
Average annual home appreciation rate: 16.57%
Total of homes for sale in this market: 1,843
Median home price: $158,211
Median Rent: $907 per room
Home price range: 28.95% of homes are between $61,001 – $122,000
Median sales price: $56,823
Number of homes: 1,433
Median foreclosure sales price: $78,500
Foreclosure discount: N/A
Most common home type: 45.13% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.77%
Number of renters: 57.06%
Number of owner occupied: 42.94%
Number people living below poverty level: 23.80%
Unemployment rate: 4.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Dallas area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *