Dallas Real Estate Market Report 2019

Learn the ins and outs of investing in rental properties in the Dallas housing market. Figure out the top neighborhoods, the best property type, and the optimal rental strategy for investing in the Dallas real estate market in 2019.

Dallas Real Estate Market Report 2019
Home Market Reports Dallas Real Estate Market Report 2019
Dallas Real Estate Market Report 2019

Dallas Overview

Dallas is a large city in North Texas which serves as a regional commercial, transportation, and cultural hub. Dallas is a busy metropolitan city with a diverse population.

With a population of over 1.3 million people, the Dallas housing market is the 9th most populous one in the US and the 3rd in the State of Texas (after Houston and San Antonio). Dallas is the most populous and the major city in the Dallas-Fort Worth metroplex. With a population of 7.4 million people, this is the largest metropolitan area in Texas and the entire South as well as the 4th largest in the US.

Dallas-Fort Worth is the largest landlocked US metropolitan area. The lack of access to water transport has not prevented the development of the metro area, which is one of the fastest growing nowadays in terms of both population and GDP.

Dallas’s economy is diverse which is a positive indicator for real estate investments. The main industries include healthcare, retail, construction, accommodation, professional, scientific & technical services, and manufacturing. This makes for a mixed workforce of both white-collar and blue-collar jobs. Dallas is home to the headquarter offices of 9 Fortune 500 companies. 

The per capita income in the Dallas housing market is $29,752, comparable to the nationwide level of $29,982. The median household income in Dallas of $45,215 is significantly below the US value of $55,322. More than half of Dallas’s population is comprised of renters, which means a tenant pool exceeding 712,000 people. This translates into strong demand for traditional, long-term Dallas rental properties.

Dallas is also a popular tourist destination with 25 million visitors each year. Some of the most important tourist attractions for Airbnb Dallas include the Dallas Arboretum and Botanical Garden, the Dallas World Aquarium, the Dallas Zoo, Fair Park, Reunion Tower, Six Flags, the Sixth Floor Museum at Dealey Plaza, the Perot Museum of Nature and Science, the Dallas Museum of Art, and the Dallas Arts District including the Nasher Sculpture Center and the Meyerson Symphony Center. The Dallas Arts District is the largest contiguous urban arts district in the US.

Dallas Real Estate Market Overview 2019

  • Median Property Price: $411,500
  • Price per Square Foot: $202
  • Real Estate Appreciation: 115% since 2000 (significantly above the Texas and US average)
  • Days on Market: 66
  • Listings for Sale: 3,674
  • Price to Rent Ratio: 18 (moderate)
  • Buyer’s Market or Seller’s Market: The Dallas housing market is shifting towards a buyer’s market
  • Renters’ Percent of Population: 59%

The Dallas-Fort Worth real estate market attracted the attention of investors this year after it was ranked as the #1 US Market to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. The Dallas-Fort Worth market combines the benefits of a strong potential for future growth with the liquidity of a gateway market. Overall, Dallas housing market trends are very positive allowing investors to proceed with confidence.

Dallas home prices are more affordable than real estate prices in many other top housing markets, with an average house price in Dallas of $411,500. This makes Big D an ideal location for beginner property investors. Natural appreciation has been high with an average annual rate of 4.1% since 2000 and is expected to remain strong in the coming years, according to Dallas real estate experts. Since the beginning of 2019, the Dallas housing market has been moving towards a buyer’s market, which means that real estate investors will be able to find good deals and will not be caught in bidding wars. The moderate price to rent ratio signifies strong rental demand for traditional investment properties combined with a high potential for profit for Dallas landlords.

Best Property Types for Investing in the Dallas Residential Real Estate Market

  • Single Family Homes for Sale in Dallas, TX: 2,533
    • Median Property Price: $441,500
    • Price per Square Foot: $197
    • Average Monthly Traditional Rental Income: $2,030
    • Average Traditional Cap Rate: 1.4%
    • Average Monthly Airbnb Rental Income: $3,190
    • Average Airbnb Cap Rate: 3.2%
  • Condos for Sale in Dallas, TX: 824
    • Median Property Price: $302,900
    • Price per Square Foot: $214
    • Average Monthly Traditional Rental Income: $1,500
    • Average Traditional Cap Rate: N/A
    • Average Monthly Airbnb Rental Income: $1,990
    • Average Airbnb Cap Rate: 0.7%
  • Townhouses for Sale in Dallas, TX: 217
    • Median Property Price: $445,500
    • Price per Square Foot: $209
    • Average Monthly Traditional Rental Income: $2,040
    • Average Traditional Cap Rate: 0.3%
    • Average Monthly Airbnb Rental Income: $2,650
    • Average Airbnb Cap Rate: 0.8%
  • Multi Family Homes for Sale in Dallas, TX: 99
    • Median Property Price: $473,000
    • Price per Square Foot: $211
    • Average Monthly Traditional Rental Income: $2,160
    • Average Traditional Cap Rate: 1.9%
    • Average Monthly Airbnb Rental Income: N/A
    • Average Airbnb Cap Rate: N/A

The Dallas housing market 2019 is dominated by single family properties. Currently single family homes for sale in Dallas, TX constitute as much as 69% of all listings there, followed by condos (22% of the total) and townhomes (6%). Meanwhile, multi family homes for sale in Dallas comprise only 3% of the total number of listings.

Why Investing in Single Family Homes in Dallas

Analysis of the Dallas housing market reveals that single family homes are the best property type for buying a rental property in Dallas. To begin with, they are the cheapest per square foot, which is particularly important for new real estate investors and other property investors on a tight budget. Next, they comprise more than two thirds of all Dallas, TX homes for sale, which means that property buyers will enjoy many options to choose from. In addition, single family homes attract high demand from renters such as young couples and small families, who generally speaking make for good, reliable tenants. Last but not least, single family home rentals offer the highest return on investment when looking at both a long-term and a short-term rental strategy.

Why Investing in Condos in Dallas

While there are relatively few condos for sale in the Dallas housing market, they are still an opportunity for real estate investors. The most significant advantage of buying a condo to rent out in Dallas is the low property price, which is 26% lower than the city-level median home value.

Why Investing in Multi Family Homes in Dallas

Although there is only a small number of multi family homes for sale in Dallas, real estate investors should keep in mind that this property type frequently makes for a highly positive cash flow rental investment. Actually, the average cap rate which multi family homes in the Dallas housing market yield as traditional rentals is higher than the cap rate for single family homes.

Why Investing in Foreclosed Homes in Dallas

Regardless of where you invest in real estate, foreclosures offer a lucrative opportunity to buy a property below market value, thus benefiting from a higher return on investment in terms of both cap rate and cash on cash return. The same holds true for foreclosed homes for sale in Dallas, TX.

Important Stats for Dallas Real Estate Investors

Safety

  • Crime Rate Index: 9 (100 is highest)

The Dallas housing market is safer than 9% of US cities only, with a relatively high overall crime rate of 40 crimes per 1,000 residents.

Access

  • Walk Score: 46
  • Transit Score: 40
  • Bike Score: 46

In summary, the Dallas housing market is the 25th most walkable large US city. It has some public transportation but does not offer many bike lanes. Thus, Dallas is a car-dependent city.

Affordability

  • Cost of Living Index (Excluding Rent): 67
  • Rent Index: 43
  • Cost of Living Plus Rent Index: 56

In the Dallas housing market consumer good prices excluding accommodation are 33% cheaper than in New York City. Rent is 57% less expensive than in NYC. Meanwhile, the cost of living plus rent index in Dallas is 44% below the level in New York City.

Taxes

  • Dallas Property Tax Rate: 2.72%
    • Municipal Property Tax Rate: 0.78%
    • School Property Tax Rate: 1.28%
    • County Property Tax Rate: 0.66%
  • Texas Property Tax Rate: 1.86%

Texas has the 6th highest property tax rate nationwide, at 1.86%. This contributes to high Dallas real estate taxes, which amount to a total of 2.72%.

If you’d like to invest in states with no property tax, check out Hawaii, Alabama, Louisiana, West Virginia, and Wyoming.

Dallas Real Estate Market: Traditional Rentals

  • Average Monthly Rental Income: $1,910
  • Average Cap Rate: 0.9%
  • Price to Rent Ratio: 18
  • Renters’ Percent of Population: 59%
  • Optimal Property Type: Single-family home or multi family home
  • Optimal Number of Bedrooms: 3 and 4
  • Traditional Rental Listings: 4,288
  • 3 Best Neighborhoods for Traditional Dallas Rental Properties: Near East, Coppell, and Reunion District
  • 3 Worst Neighborhoods for Traditional Dallas Rental Properties: Main Street District, Northwest Dallas, and West End Historic District

The Dallas real estate market has been and continues to be a top location for investing in traditional rentals. The moderate price to rent ratio and the high percentage of renters (59%) compared to homeowners (41%) demonstrate a strong demand for traditional Dallas rental properties. Together with the relatively affordable real estate prices, this assures a high return on investment for a Dallas real estate investor. The city-level cap rate for long-term rentals is 0.9%, while some neighborhoods enjoy a significantly higher rate. The local housing market is dominated by single-family homes which are also the best property type to rent out together with multi family homes. Dallas homes for sale with 3 and 4 bedrooms are expected to yield the highest return on investment when rented out on long-term basis.

Landlord-Tenant Law and Regulations in the Dallas Rental Market

Dallas is located in the Texas real estate market, which is one of the most landlord friendly states in the entire nation. Although the Dallas housing market is large, it does not have its own landlord-tenant ordinance but follows the Texas landlord-tenant law instead, similar to Houston, Austin, and San Antonio. For starters, there is no cap on how much landlords can charge for a security deposit, which they have to return within a 30-day period after the tenant moves out and the rental property has been inspected. Furthermore, landlords and renters in the Dallas housing market can draft their own agreements with regards to who pays for which repairs, and there is no regulation prohibiting the former to refuse covering repair costs if the latter are late on their rent payments. Even though every real estate investor hopes not to have to reach to that point, it is good to know that eviction in Dallas works in favor of landlords. If your tenant is not paying rent, you can evict him/her after a 3-day notice to pay or move out. After that, you can file for an eviction at the court.

Best Neighborhoods in the Dallas Housing Market for Investing in Traditional Rentals

Dallas Real Estate Market Report 2019 Best Dallas Neighborhoods for Traditional Long Term Rentals

1. Near East

  • Median Property Price: $299,000
  • Price per Square Foot: $238
  • Average Monthly Rental Income: $2,360
  • Average Cap Rate: 6.8%
  • Walk Score: 36

Near East tops the list of the best neighborhoods in Dallas to invest in a long-term rental property. The median property price in the Near East neighborhood is 27% below the overall Dallas real estate market value, which makes real estate investments here even more affordable. The residents of Near East enjoy higher median household income than the rest of the residents of the Dallas housing market, which is a positive indicator for property investors. The neighborhood is located close to many amenities making it a top location for investing in a traditional rental.

2. Coppell

  • Median Property Price: $311,000
  • Price per Square Foot: $119
  • Average Monthly Rental Income: $2,670
  • Average Cap Rate: 5.6%
  • Walk Score: 31

Coppell is another one of the up and coming neighborhoods in Dallas for buying an investment property to rent out on long-term basis. This area in the Dallas housing market has one of the lowest home prices per square foot, which means that an investor can afford to buy a bigger property. In addition, this neighborhood stands out with one of the highest Livability scores (91) in the entire Dallas real estate market, which means that rental demand is high. An important characteristic of the Coppell neighborhood in the Dallas real estate market is that it is very profitable for an Airbnb Dallas rental. So, if an investor decides to switch his/her rental strategy in a couple of years, his/her return on investment would not only not suffer but actually go up.

3. Reunion District

  • Median Property Price: $409,500
  • Price per Square Foot: $162
  • Average Monthly Rental Income: $2,760
  • Average Cap Rate: 4.9%
  • Walk Score: 47

Another of the best Dallas neighborhoods to buy a traditional rental property is Reunion District, which is home to the famous Reunion Tower. Dallas real estate investors interested in this neighborhood, however, will have to be ready to pay a higher price than in Near East and Coppell as well as other neighborhoods in the Dallas housing market. Nonetheless, the good rental income assures that investing in a Dallas rental property in Reunion District is a profitable choice.

4. Farmers Market District

  • Median Property Price: $429,000
  • Price per Square Foot: $197
  • Average Monthly Rental Income: $2,060
  • Average Cap Rate: 2.8%
  • Walk Score: 71

As suggested by the name, the Farmers Market District is home to the Dallas Farmers Market, which hosts local farmers as well produce dealers and wholesale dealers. Investing in Dallas real estate in the Farmers Market District is less affordable than in the rest of Triple D as the median property price is 4% above the city level. The median household income in this neighborhood is above the Dallas average, and the Farmers Market District is significantly safer than other areas in Dallas. This neighborhood is in close proximity to numerous amenities. Furthermore, this area is one of the most walkable neighborhoods in the Dallas housing market.

5. South Boulevard-Park Row Historic

  • Median Property Price: $149,800
  • Price per Square Foot: $106
  • Average Monthly Rental Income: $1,150
  • Average Cap Rate: 2.6%
  • Walk Score: 10

The most affordable among the best neighborhoods in the Dallas housing market to buy a rental property is South Boulevard-Park Row Historic. Here the median property price amounts to only a third of the city-level property value. So, if you are looking for cheap houses for sale in Dallas, TX, this should be your starting point. One drawback of investing in a Dallas rental property in this area is that it is not profitable for Airbnb, so investors should be confident in their choice of a rental strategy before proceeding. Moreover, South Boulevard-Park Row Historic is among the bad neighborhoods in Dallas in terms of walkability.

6. Five Mile Creek

  • Median Property Price: $211,500
  • Price per Square Foot: $133
  • Average Monthly Rental Income: $1,410
  • Average Cap Rate: 2.2%
  • Walk Score: 40

Five Mile Creek should also be added to the list of good neighborhoods in the Dallas housing market for owning a long-term rental property. The lower rental income is compensated by the affordable home prices, which makes traditional rental properties a profitable investment strategy here. While you need a car in this neighborhood, it is a bit more walkable than many other parts of Dallas.

Dallas Real Estate Market: Airbnb Rentals

  • Average Monthly Rental Income: $2,870
  • Average Cap Rate: 2.4%
  • Average Occupancy Rate: 56.8%
  • Optimal Property Type: Single-family home
  • Optimal Number of Bedrooms: 4, 3, and 1
  • Airbnb Rental Listings: 3,484
  • 3 Best Neighborhoods for Airbnb Dallas: Southeast Dallas, Coppell, and Five Mile Creek
  • 3 Worst Neighborhoods for Airbnb Dallas: Main Street District, Northwest Dallas, and West End Historic District
  • Airbnb Dallas Legal Status: Fully legal. A 7% city hotel occupancy tax and a 6% state hotel tax apply.
  • Annual Events in Dallas with the Highest Airbnb Occupancy Rate:
    • State Fair of Texas: for about 3 weeks from late September through October

This over 120-year-old tradition attracts guests from Texas and other states. The fair features midway rides, games, car shows, music, art, fried food, and the Oklahoma-Texas football showdown, the Red River Showdown.

    • Dallas St. Patrick’s Parade & Festival: 17 March

Running for over 40 years now, this is the largest St. Patrick’s Parade in the Southwest, attracting numerous guests from near and far.

    • Dallas International Film Festival: a week in May

This is the largest film festival in Dallas which attracts numerous visitors including both filmmakers and film fans for a week each spring.

    • Savor Dallas: a week in early April

This food and wine festival brings famous chefs from Texas and beyond to a number of events throughout Dallas including the Irving Convention Center, Trinity Groves, the Perot Museum of Nature and Science, and Fair Park.

    • Deep Ellum Arts Festival: 3 days in early April

Hundreds of artists and bands take over a section of Main Street in Deep Ellum for various performances on multiple stages, attracting thousands of visitors.

Buying an Airbnb Dallas, TX rental property in 2019 is a top real estate investment strategy. Big D enjoys the benefits of emerging as an important business and tech hub, hosting the HQ offices of Fortune 500 companies, being home to numerous tourist attractions, and holding a number of popular annual events. Moreover, renting out on short-term basis – both your own primary home and your investment property – is fully legal and facing no obstacles. As any Airbnb host knows, this is the perfect combination to make for one of the best places to invest in a short-term rental property. It comes as no surprise that the city-level cap rate for Airbnb Dallas rental properties is 2.4%, which is more than what other top locations feature. When looking for houses for sale in the Dallas housing market to rent out on short-term basis, local and out of state real estate investors should focus on single family homes with 4, 3, or 1 bedrooms for maximum profit.

Airbnb Dallas Laws and Regulations

In recent years existing Airbnb hosts as well as new real estate investors interested in short-term rentals have been overwhelmed by the ever-tightening restrictions on Airbnb-style rentals in many top locations in the US housing market. Until now, the Airbnb Dallas business has managed to escape such detrimental legislation. To this date, the City of Dallas has not passed laws which limit Airbnb Dallas real estate investment in any significant way. This reality makes the Dallas housing market one of the few major ones where real estate investors can buy investment properties for the sole purpose of renting them out on Airbnb.com and other similar platforms.

In terms of legal requirements, Dallas vacation rentals are expected to register with the City of Dallas – similar to hotels – and pay a 7% city hotel occupancy tax. This is in addition to a 6% state hotel occupancy tax. While the combined tax rate of 13% might sound like a lot, it does not compromise the profitability of Airbnb Dallas, TX rental properties. Thus, if you are looking for the best real estate market to invest in a non owner-occupied short-term rental, Dallas might be the best choice for you.

Best Neighborhoods in the Dallas Housing Market for Investing in Airbnb Rentals

Dallas Real Estate Market Report 2019 Best Dallas Neighborhoods for Traditional Long Term Rentals

1. Southeast Dallas

  • Median Property Price: $178,200
  • Price per Square Foot: $119
  • Average Monthly Rental Income: $2,710
  • Average Cap Rate: 7.7%
  • Average Occupancy Rate: 54.1%
  • Walk Score: 28

Southeast Dallas is #1 among the best Dallas neighborhoods to invest in a short-term rental property as it yields the highest return on investment. This area in the Dallas housing market is home to some of the most beautiful bits of nature in all of Dallas. The neighborhood has not experienced much development work in recent years, which is part of the reason for the highly affordable property prices, which reach only 43% of the city median level. This means that there is plenty of developments in this part of the Dallas real estate market, and once these developments happen, investors can expect a sharp rise in Dallas home prices here. Southeast Dallas is conveniently located close to numerous amenities which is of major importance for Airbnb guests and other short-term visitors. Moreover, the neighborhood is safer than the rest of Dallas.

2. Coppell

  • Median Property Price: $311,200
  • Price per Square Foot: $119
  • Average Monthly Rental Income: $3,620
  • Average Cap Rate: 7.5%
  • Average Occupancy Rate: 54.0%
  • Walk Score: 31

This Dallas housing market report ranks Coppell as the 2nd top neighborhood for Airbnb Dallas real estate investing. The neighborhood-level cap rate here is very similar to the one in Southeast Dallas, but the prices of Dallas real estate for sale are nearly double. One of the local attractions is Coppell Nature Park, which makes the area an ideal destination for Airbnb guests looking to spend time outdoors. Importantly, long-term rentals are also a profitable option in Coppell, which means that Dallas real estate investors who are still not sure of the best rental strategy for themselves can proceed without worrying.

3. Five Mile Creek

  • Median Property Price: $211,500
  • Price per Square Foot: $133
  • Average Monthly Rental Income: $2,730
  • Average Cap Rate: 7.4%
  • Average Occupancy Rate: 51.8%
  • Walk Score: 40

Airbnb Dallas is a top real estate investment strategy in Five Mile Creek as well. Affordability is a major factor as home prices in this part of the Dallas housing market are about half the city median level. One of the most important attractions in the vicinity is the Dallas Zoo, among the 10 biggest zoos in the US, along with the Dallas Arboretum and Botanical Garden, the Dallas Museum of Art, the Sixth Floor Museum at Dealey Plaza, and the Museum of Earth History.

4. Farmers Market District

  • Median Property Price: $429,000
  • Price per Square Foot: $197
  • Average Monthly Rental Income: $3,390
  • Average Cap Rate: 5.8%
  • Average Occupancy Rate: 60.1%
  • Walk Score: 71

Although Farmers Market District offers higher home prices than the rest of Triple D areas, it is among the best neighborhoods in Dallas for high Airbnb occupancy rate. The Dallas Farmers Market is a major attraction which contributes to this high occupancy rate for Dallas Airbnb rentals in the neighborhood. Moreover, this area is one of the most walkable neighborhoods in the Dallas housing market, which is also important for Airbnb guests who did not come by car.

5. Southwest Dallas

  • Median Property Price: $235,400
  • Price per Square Foot: $125
  • Average Monthly Rental Income: $2,660
  • Average Cap Rate: 5.3%
  • Average Occupancy Rate: 55.2%
  • Walk Score: 4

The Southwest Dallas neighborhood is the best area in the Dallas housing market to spend time outdoors. The place hosts the Cedar Ridge Reserve, Mountain Creek Lake (excellent for mountain-biking), and the exclusive Dallas National Golf Club. All these attractions make Southwest Dallas a top location for Airbnb rental properties, as demonstrated by the high return on investment. However, the area is one of the worst neighborhoods in Dallas in terms of walkability.

6. Near East

  • Median Property Price: $299,000
  • Price per Square Foot: $238
  • Average Monthly Rental Income: $2,100
  • Average Cap Rate: 5.1%
  • Average Occupancy Rate: 54.5%
  • Walk Score: 36

The last on our list of the top areas for investing in Airbnb Dallas is Near East. even though this neighborhood has a median property price 27% below the city level, a real estate investor can find some really luxury homes for sale in Dallas, TX here. Depending on your budget and preferences, you can find some really profitable properties to rent out as Dallas vacation rentals in this neighborhood.

Investing in Dallas Real Estate: Optimal Rental Strategy

While both rental strategies are profitable in the Dallas real estate market, Airbnb Dallas is the better option. As Mashvisor’s data shows, short-term rentals in the Dallas housing market offer a higher return on investment in terms of cap rate as the result of strong demand (high Airbnb occupancy rate) and high nightly rental rates. Dallas vacation rentals bring an average monthly rental income of $2,870, which exceeds the traditional rental income by 50%. Dallas is a popular tourist destination as well as a busy industrial, commercial, transport, and cultural hub which brings millions of visitors (over 27 million in 2017) each and every year. The lack of Airbnb restrictions in the Dallas housing market allows both local and out of state real estate investors to take advantage of the large number of visitors and thrive as Airbnb hosts. However, if you are interested in investing in a traditional Dallas rental property, don’t give up. There are still very profitable opportunities in the Dallas rental market.

Why You Should Invest in Real Estate in Dallas in 2019: The Pros

To begin with, the Dallas-Fort Worth housing market has been ranked as the #1 Market to Watch for overall perspectives in 2019 by one of the most credible and trusted entities in the real estate and financial industries, PwC. That’s the result of recent positive Dallas real estate market trends as well as positive Dallas housing market predictions. This should serve as a strong indicator for any real estate investor looking for a place to start or expand his/her rental property investment portfolio this year.

In addition, because of the strong, diverse economy and the many tourist attractions as well as business opportunities, Dallas enjoys high demand from both long-term renters and Airbnb guests. Consequently, investors can expect a high rental income and a high return on investment in terms of both cap rate and cash on cash return.

Despite the stable, strong appreciation, Dallas home prices remain affordable. According to the Dallas housing market forecast 2020, Dallas is turning into a buyer’s market, allowing property investors to find good deals, especially if hiring a Dallas, TX real estate agent, which is not something which most top locations for real estate investments offer in 2019. While beginner real estate investors will probably not be able to pay all in cash, buying a house in Dallas with a mortgage is a viable option.

Landlords in the Dallas housing market benefit from the friendly landlord-tenant law in Texas. This allows them to buy a rental property in Triple D with peace of mind that their investment is protected against bad tenants.

Unlike many other top tourist locations, Airbnb Dallas is an excellent option. Renting out on short-term basis, even an investment property, is fully legal. While some taxes have to be paid, the occupancy rate and nightly rates are high enough to make up for profitable Airbnb Dallas, TX real estate investments.

Last but not least, if you have decided to invest in a Dallas real estate property in 2019, you will enjoy a wide range of houses for sale in Dallas, TX.

Why You May Not Want to Invest in Real Estate in Dallas in 2019: The Cons

One of the main reasons why real estate investors should proceed with caution before buying a rental property in the Dallas housing market is the relatively high crime rate in Big D. Dallas is safer than only 9% of major US cities, which means that it is more dangerous than 91% of US top locations. Nevertheless, this does not prevent a strong population growth which is always a positive indicator for investors. However, you should be ready to pay extra for securing your Dallas investment properties.

Another drawback of investing in the Dallas housing market is the fact that the average house price in Dallas is about double the national median property value. At the same time though, rental rates are high enough to result in very profitable Dallas real estate investments. Moreover, finding cheap houses for sale in Dallas, TX is absolutely feasible.

Because of the numerous Dallas real estate listings, new investors might find the Dallas housing market overwhelming. The key to success for Dallas real estate investors is to set their budget, their requirements, and their expected return on investment before proceeding with the property search.

Dallas Housing Market Forecast 2020

The outlook for the Dallas real estate market in 2020 and beyond is very positive. The local economy, the high population growth, the investor demand, and the capital availability all contribute to a strong and stable real estate market. The strong development opportunities in Dallas are expected to have a major positive impact on the Dallas housing market forecast 2020 and lead to high long-term appreciation. However, the stable increase in house prices in Dallas should by no means be taken as a sign of an approaching Dallas housing market bubble. Similarly, the fact that Triple D is turning into a buyer’s market does not signify a Dallas real estate market crash.

Additional Resources for Investors in the Dallas Housing Market

Best Dallas Investment Properties

With the help of an investment property calculator, you can search through the 3,674 homes for sale in Dallas, TX and filter the ones which meet your criteria such as budget, property type, optimal rental strategy, and expected return on investment in a matter of minutes. A heatmap tool will provide you with a Dallas neighborhoods map to figure out the top Dallas housing neighborhoods to invest in real estate as well as the neighborhoods to avoid in Dallas. A Property Finder will help you find the best Dallas investment property depending on your preferred rental strategy and other preferences.

Real Estate Agents in Dallas, TX

If you are a first-time real estate investor or an out of state investor or you simply prefer passive real estate investments, you should hire one of the best real estate agents in Dallas to help you make a good deal.

Here are Mashvisor’s most popular agents in the Dallas housing market:

Auctions in the Dallas Housing Market

If you are interested in investing in foreclosed homes for sale in Dallas, TX, you can check out this calendar for auctions as well as other foreclosure related events in Texas.

Property Management of Long-Term Rentals in the Dallas Real Estate Market

Investing in a Dallas rental property doesn’t have to mean becoming a landlord and dealing with all the hard daily work. Instead, you can hire a professional property manager to deal with all your duties and responsibilities, while you enjoy your passive rental income.

Property Management of Short-Term Rentals in the Dallas Housing Market

If you want to turn your Dallas vacation rentals into passive real estate investments, choose one of the top property managers in Big D to handle all responsibilities related to owning and renting out a vacation rental home.

Our Top Blog Posts for Investors in the Dallas Real Estate Market

Other Top Real Estate Markets for Investing in Rental Properties

If you would like to explore other locations for real estate investing in addition to the Dallas housing market, you can have a look at the following top-performing places:

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