Dallas rents and rental comps

Name: Dallas, TX rental market data
Creator: PropMetrics

The median asking rent across 22 Dallas zip codes is $1,759/month, down 9.7% from a year ago.

Massive metro, massive rent variation. Corporate relocations keep demand strong, but developers saw the same opportunity you did. New supply is real and it's not slowing down. Price on what's leasing, not what's listed.

Median Asking Rent

$1,759

Rent Change (YoY)

-9.7%

Avg Days on Market

Active Rental Listings

12,820

Median List Price

$534,000

Median Asking Rent Over Time

Average across 22 zip codes

12 months-8.0%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
75225	$2,824/mo	-16.6%	$2.33	29	189
75205	$2,780/mo	-4.0%	$2.82	37	356
75202	$2,586/mo	+29.3%	$2.72	12	274
75201	$2,199/mo	-5.7%	$2.58	10	1,144
75204	$2,087/mo	-6.0%	$2.30	26	1,806
75207	$1,950/mo	+3.1%	$2.15	12	138
75209	$1,899/mo	-2.0%	$2.17	29	216
75219	$1,895/mo	-11.6%	$2.17	24	1,408
75206	$1,829/mo	-8.3%	$2.20	18	1,446
75217	$1,785/mo	+0.6%	$1.39	52	95
75208	$1,774/mo	+2.1%	$1.97	53	352
75226	$1,674/mo	-6.2%	$1.98	9	394
75216	$1,595/mo	-3.3%	$1.46	57	132
75235	$1,556/mo	-3.0%	$1.98	27	536
75220	$1,547/mo	-31.2%	$1.83	52	80
75211	$1,525/mo	-14.9%	$1.70	27	262
75214	$1,484/mo	-19.6%	$2.01	28	632
75227	$1,426/mo	-17.6%	$1.39	33	212
75230	$1,333/mo	-32.2%	$1.71	13	723
75228	$1,295/mo	-23.8%	$1.47	24	429
75231	$1,249/mo	-23.0%	$1.60	11	1,022
75243	$1,015/mo	-20.3%	$1.36	16	974

Comps for any address in Dallas

Type the address, get the comps. No setup.

Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$1,282/mo	$2.33/sqft
1 Bedroom	$1,456/mo	$2.06/sqft
2 Bedroom	$2,043/mo	$1.78/sqft
3 Bedroom	$2,975/mo	$1.82/sqft
4 Bedroom	$4,500/mo	$1.75/sqft

Aggregated median across all Dallas zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
75205	$2,485,000	+10.4%	$754.34
75225	$1,749,000	-7.7%	$498.86
75220	$1,429,900	+24.4%	$385.72
75201	$1,299,000	-5.5%	$648.37
75209	$1,250,000	-6.0%	$403.72
75230	$1,199,000	+26.2%	$373.24
75214	$875,000	-0.6%	$424.22
75207	$659,000	-76.0%	$339.17
75206	$569,900	-15.6%	$327.69
75208	$549,000	0.0%	$290.23
75204	$539,000	-0.2%	$317.24
75219	$529,000	+6.0%	$323.56
75235	$425,000	+11.9%	$264.30
75226	$355,000	-40.7%	$254.63
75228	$354,000	-1.4%	$215.54
75211	$289,000	-6.8%	$221.19
75227	$269,800	-3.6%	$173.43
75202	$255,000	-9.6%	$255.68
75217	$240,000	+0.3%	$176.08
75216	$234,900	+4.4%	$178.57
75231	$190,000	+2.7%	$190.58
75243	$180,000	-29.4%	$160.46

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$2,380/mo	$1,282/mo	-46%
1 Bedroom	$2,470/mo	$1,456/mo	-41%
2 Bedroom	$2,900/mo	$2,043/mo	-30%
3 Bedroom	$3,650/mo	$2,975/mo	-19%
4 Bedroom	$4,640/mo	$4,500/mo	-3%

HUD publishes Fair Market Rents once a year for the Dallas metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

About the Dallas rental market

The median asking rent across Dallas, TX sits at $1,759/month, pulled from active rental listings in 22 zip codes. That's down 9.7% from a year ago.

Rents aren't uniform across the city. ZIP 75225 tops the list at $2,824/month. ZIP 75243 comes in lowest at $1,015/month. That's a 178% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $2,043/month at the median. 1-bedrooms run about $1,456. 3-bedrooms come in around $2,975.

Average days on market sits at 27 days. Pace is steady.

Rent-to-price math is tight in Dallas. The gross figure sits at about 4.0% ($1,759/month against $534,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Dallas metro is $2,900/month. Asking rents come in about 39% below the federal benchmark, which can make Section 8 properties competitive here.

DFW is one of the largest rental markets in the country by volume. Toyota. Caterpillar. Goldman Sachs. The corporate relocation pipeline has been steady, and no state income tax keeps it flowing. The challenge: DFW is also building a ton of new apartments. Certain submarkets have temporary oversupply while others stay tight. Uptown and Highland Park are premium. Head south or west and it's a different city. Metro averages are useless. The rent spread between Dallas zip codes is one of the widest of any major US metro.

These numbers are city-wide averages. If you're pricing a specific property in Dallas, pull comps from the same zip code. The spread is usually bigger than people expect.