Dallas Real Estate Market 2020

Dallas Real Estate Market Trends & Statistics 2020

Data Sources:

• https://www.zillow.com/dallas-fort-worth-arlington-metro-tx_r394514/home-values/
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/texas/dallas/
• RealWealth Property Team Data

Dallas home values are more affordable than the national average today.

• In 2019, the median purchase price of 3 bedroom single family homes in the Dallas metro area was $215,000. This is 3.5% lower than the national average of $222,000.
• In the neighborhoods where RealWealth members invest the median price of 3 bedroom homes was $145,000 in 2019. This is 35% lower than the national average of $222,000.
• This shows us that home values in Dallas are slightly more affordable than the average home nationwide.

It’s possible to generate passive monthly income from Dallas investment properties.

• In 2019, the median monthly rent for 3 bedroom homes in Dallas was $1,654, which is 0.77% of the purchase price of $215,000. This is higher than the national average of 0.75%.
• In the neighborhoods where RealWealth members invest the median monthly rent of 3 bedroom homes was $1,350, which is 0.93% of the $145,000 purchase price.
• This shows us that Dallas offers a strong opportunity for investors to make significant rental income every month.

Dallas home values have been on the rise in the last seven years.

• Over the last 7 years (2012 to 2019), 3 bedroom homes in Dallas have appreciated by 81%. During the same period, 3 bedroom home values appreciated by 55% nationwide.
• This shows us that home values are rising more quickly than the most other cities across the nation. As long as job growth and the affordable cost of living continue to attract people to move here (which seems likely – see next section, “Population Trends”), this trend will likely continue.

Dallas rental prices are also rising more quickly than other U.S. real estate markets today.

• In the last 7 years, the median rent for 3 bedroom homes in the Dallas metro area increased by 36%. Nationally, rents increased by 37% during this period.
• This shows us that rental prices are holding steady with national average increases. This trend is also likely to continue as long as people and corporations continue moving to the Dallas metro.

People are moving to Dallas at a much faster rate than most other cities across the nation today.

• Between 2010 and 2019, Dallas’s population increased by over 17%, which is 201% faster than the national population growth during the same period.
• This shows us that people are moving to Dallas at a higher rate than most other cities across the nation today.

There have been more jobs created in the Dallas real estate market over the last year than most other U.S. metros.

• In the last year, Dallas added 100,200 new jobs to their economy – an annual growth rate of 2.70%. This is significantly higher than the national job growth rate of 1.47% during the same period.
• This shows us that there are more jobs being created in the Dallas area than most other U.S. cities today.

Dallas is Still Affordable & Cash Flowing

• In the neighborhoods where RealWealth members invest, the median price of 3 bedroom homes was $145,000 in 2019. This is 35% lower than the national average of $222,000.
• This shows us that home values in Dallas are slightly more affordable than the average home nationwide.

Dallas Population is Growing Rapidly

• Between 2010 and 2018, Dallas’s population increased by 17%, which is 201% faster than the national population growth during the same period.
• This shows us that people are moving to Dallas at a higher rate than most other cities across the nation today.

Dallas Has Significant Job Growth

• In the last year Dallas added 100,200 new jobs to their economy – an annual growth rate of 2.70%. This is significantly higher than the national job growth rate of 1.47% during the same period.
• This shows us that there are more jobs being created in the Dallas area than most other U.S. cities today.

Dallas Real Estate Prices & Rents are Rising Fast

• Over the last 7 years (2012 to 2019), 3 bedroom homes in Dallas have appreciated by 81% (versus 55% nationwide) and the median rent for 3 bedroom homes increased by 36% (versus 37% nationally).
• This shows us that home values and monthly rents are rising more quickly than most other cities across the nation. These trends are likely to continue as long as new jobs and affordability continue to attract people to move her – both of which seem likely.