Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,689, 1,143 total housing units (homes and apartments), and a median house value of $243,293, house prices in Dallas are solidly below the national average.
Single-family detached homes are the single most common housing type in Dallas, accounting for 69.56% of the borough's housing units. Other types of housing that are prevalent in Dallas include duplexes, homes converted to apartments or other small apartment buildings ( 23.08%), row houses and other attached homes ( 3.93%), and a few large apartment complexes or high rise apartments ( 2.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dallas. Owner-occupied housing accounts for 75.46% of Dallas's homes, and 69.07% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Dallas's housing was primarily built during this period, from the '40s through the '60s. A full 47.95% of the borough's housing hails from this era. Other housing ages represented in Dallas include homes built between 1970-1999 ( 34.70%) and housing constructed before 1939 ( 11.87%). There's also some housing in Dallas built between 2000 and later ( 5.48%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Dallas, where house values have increased just 34.75%, which is annualized rate of 3.03%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Dallas that despite a nationwide downturn in the housing market, Dallas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dallas appreciation rates continue to be some of the highest in America, at 10.01%, which is higher than appreciation rates in 87.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dallas. Dallas appreciation rates in the latest quarter were at 6.05%, which equates to an annual appreciation rate of 26.51%.
Importantly, this makes Dallas one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Dallas's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Dallas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dallas - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Dallas real estate investment or home purchase decisions.
$243,293
for Pennsylvania
for nation
1,143
$1,807 / per month