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Dallas city, TX

ZIP 75231 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 75231

Median Home Value
$466,200
Median Rent
$1,117
Affordability Snapshot
$128,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,995/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

34.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 75231 in Dallas city, TX, a household would need roughly $128,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,995. That is about 133% above the local median household income ($54,884), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
18.7%-71% vs US avg
x
Vacancy Rate
17.8%+73% vs US avg
x
Broadband Access
86.3%-1% vs US avg
x
4+ Bedrooms
0.8%-94% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
48.3%+26% vs US avg
x
$466,200
Home Value
$1,117
Rent
1981
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached13.8%
  • 1-unit attached2.6%
  • 2-9 units18.4%
  • 10+ units65.0%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$466,200
Median rent$1,117
Owner-occupied18.7%
Vacant17.8%
Price-to-income8.5x
Est. income to buy$128,000