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Dallas is a major metropolitan city in North Texas with a population of over 1.3 million people. This makes Dallas the third most populous city in the State of Texas after Houston and San Antonio and the ninth largest one in the US. With a population of 7.4 million people, the Dallas-Fort Worth metroplex is not only the fourth largest metropolitan area in the US but also the most populous one in Texas and the entire South. This huge population in addition to the fact that 59% of residents rent rather than own a home makes the Dallas real estate market one of the top locations for property investments, especially traditional rentals.

Dallas is a busy regional commercial, transportation, and cultural hub enjoying a diverse economy in which high-tech sectors have taken the lead. The main industries include defense, financial services, information technology, communications, transportation, and manufacturing as well as healthcare, retail, accommodation, construction, and real estate. This makes for a mixed workforce of both white-collar and blue-collar jobs. Dallas hosts the headquarters of nine Fortune 500 companies, while their total number in the DFW region is 22. The multiple economic sectors and the strong economic growth send a positive signal to Dallas real estate investors.

Dallas is a popular tourist destination with 25 million visitors each year. Some of the most important tourist attractions in 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 continuous urban arts district in the US. The large number of annual visitors translates into high demand for Airbnb Dallas rentals from the point of view of real estate investors.

The Dallas-Fort Worth real estate market attracted the attention of property investors this year after PWC ranked it as the #1 US Market to Watch in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. The benefits of investing in the Dallas-Fort Worth housing market combine a strong potential for future growth with the liquidity of a gateway market.

Dallas Realtors and Real Estate Agents

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Dallas  Real Estate Investment Performance
Facts and Market Trends in Dallas
Homes For Sale3,583
Airbnb Properties794
Rental Properties8,858
Traditional Vacancy rate7.80%
Airbnb Occupancy Rate59.75%
Mashmeter67.52%
Median Price$407,166
Median Rent Price$2,005
Price/sqft$200
Median Days on Market57
Price to Rent Ratio17.9
Average Cap Rate
Airbnb2.72%
Traditional0.93%
Average Rental Income
Airbnb$2,922
Traditional$1,891
 
Median Household Income$8,176
Population1,341,075
Transportation in Dallas
46 / 100
Car-Dependent
40 / 100
Some Transit
46 / 100
Somewhat Bikeable
Dallas  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,861$1,748$2,136$2,957$3,617
Traditional$1,121$1,009$1,452$2,081$2,300
Dallas, TX - Homes for Sale - Newly Listed
Investment Properties for Sale
$515,000
MLS 14227484
10306 Lippitt Avenue
Dallas, TX 75218
Northeast Dallas
Single Family Residential
3 beds4 baths2,249 sq.ft.
CAP RATE
Trad. -1.12%Airbnb 0.21%
Investment Properties for Sale
$199,000
MLS 14227133
7005 Wax Berry Drive
Dallas, TX 75249
Southwest Dallas
Single Family Residential
4 beds2 baths1,610 sq.ft.
CAP RATE
Trad. 1.11%Airbnb 3.68%
Investment Properties for Sale
$539,000
MLS 14225353
4248 Mendenhall Drive
Dallas, TX 75244
Preston Hollow
Single Family Residential
4 beds4 baths2,470 sq.ft.
CAP RATE
Trad. 0.90%Airbnb 0.93%
Investment Properties for Sale
$1,375,000
MLS 14223413
3130 N Harwood Street #1604
Dallas, TX 75201
Oak Lawn
Condo/Coop
3 beds3 baths1,903 sq.ft.
CAP RATE
Trad. -3.47%Airbnb -0.02%
Top Performing Dallas Properties
Investment Properties for Sale
$215,000
MLS 14216603
2730 Maverick Avenue
Dallas, TX 75228
Urbandale-Parkdale
Single Family Residential
3 beds2 baths1,699 sq.ft.
CAP RATE
Trad. 3.29%Airbnb 7.95%
Investment Properties for Sale
$269,999
MLS 14206344
11364 Lippitt Avenue
Dallas, TX 75218
Northeast Dallas
Single Family Residential
4 beds2 baths1,780 sq.ft.
CAP RATE
Trad. 3.44%Airbnb 7.93%
Investment Properties for Sale
$314,900
MLS 14220991
10223 Chisholm Trail
Dallas, TX 75243
Lake Highlands
Single Family Residential
4 beds3 baths2,122 sq.ft.
CAP RATE
Trad. 2.06%Airbnb 7.92%
Investment Properties for Sale
$209,000
MLS 14171968
2819 Meadow Way Lane
Dallas, TX 75228
Urbandale-Parkdale
Single Family Residential
3 beds3 baths1,551 sq.ft.
CAP RATE
Trad. 2.07%Airbnb 7.91%
Recently Sold Homes in Dallas, TX
Investment Properties for Sale
$319,900
MLS 14200286
3827 DISMOUNT Street
Dallas, TX 75211
Dells District
Multi Family
4 beds2 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$169,000
MLS 14188677
2020-22 Arizona Avenue
Dallas, TX 75216
Five Mile Creek
Multi Family
2 beds2 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$499,900
MLS 14226321
1906 Lucille Street
Dallas, TX 75204
Arts District
Multi Family
3 beds3 baths2,143 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$624,900
MLS 14109715
2208 N Carroll Avenue
Dallas, TX 75204
Arts District
Multi Family
4 beds3 baths2,709 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Dallas Housing Market

The Dallas real estate market has witnessed strong natural real estate appreciation in recent years. Dallas home values have gone up by 111% since the beginning of 2000, which brings the average annual appreciation rate to 4.1%, according to data from NeighborhoodScout. Meanwhile, based on Zillow estimates, the median listing price in the Dallas housing market went up by 16.9% in the past year. Despite this high real estate appreciation, Dallas investment properties have remained affordable, which makes Big D a good choice for first-time real estate investors.

Moreover, Zillow forecasts a decline of 9.2% in median home values in the next year. The Dallas housing market is moving towards a neutral market, meaning that rental property investors will be able to find affordable investment options as well as good real estate deals and not get caught in bidding wars.

Dallas, TX Top Multi Family Homes
Investment Properties for Sale
$325,000
MLS 14096189
5218 E Side Avenue
Dallas, TX 75214
M Streets
Multi Family
7 beds6 baths0 sq.ft.
CAP RATE
Trad. 6.62%Airbnb N/A
Investment Properties for Sale
$149,500
MLS 14136967
3543 Nogales Drive
Dallas, TX 75220
Preston Hollow
Multi Family
3 beds2 baths1,638 sq.ft.
CAP RATE
Trad. 6.48%Airbnb N/A
Investment Properties for Sale
$515,000
MLS 14091536
4818 Virginia Avenue
Dallas, TX 75204
M Streets
Multi Family
4 beds4 baths0 sq.ft.
CAP RATE
Trad. 5.73%Airbnb N/A
Investment Properties for Sale
$149,500
MLS 14136989
3545 Nogales Drive
Dallas, TX 75220
Preston Hollow
Multi Family
3 beds2 baths1,638 sq.ft.
CAP RATE
Trad. 5.72%Airbnb N/A
Homes Below Median Price in the Dallas, TX Real Estate Market
Investment Properties for Sale
$215,000
MLS 14216603
2730 Maverick Avenue
Dallas, TX 75228
Urbandale-Parkdale
Single Family Residential
3 beds2 baths1,699 sq.ft.
CAP RATE
Trad. 3.29%Airbnb 7.95%
Investment Properties for Sale
$269,999
MLS 14206344
11364 Lippitt Avenue
Dallas, TX 75218
Northeast Dallas
Single Family Residential
4 beds2 baths1,780 sq.ft.
CAP RATE
Trad. 3.44%Airbnb 7.93%
Investment Properties for Sale
$314,900
MLS 14220991
10223 Chisholm Trail
Dallas, TX 75243
Lake Highlands
Single Family Residential
4 beds3 baths2,122 sq.ft.
CAP RATE
Trad. 2.06%Airbnb 7.92%
Investment Properties for Sale
$209,000
MLS 14171968
2819 Meadow Way Lane
Dallas, TX 75228
Urbandale-Parkdale
Single Family Residential
3 beds3 baths1,551 sq.ft.
CAP RATE
Trad. 2.07%Airbnb 7.91%
Dallas Airbnb Growth and Regulations

Considering the importance of tourism in Dallas, it comes as no surprise that the Dallas Airbnb business has experienced a major growth in recent years. In 2018 nearly half a million Airbnb guests stayed at Dallas-Fort Worth short-term rentals, bringing a total revenue of $64 million to the local Airbnb hosts. This averages a supplement rental income of $6,800 per Airbnb Dallas host.

Despite increasing Airbnb legal issues in other major real estate markets across the US, Airbnb rentals remain fully legal in the Dallas housing market. To this point the city has not issued any Airbnb laws to regulate the use of short-term rentals. In terms of taxes and fees, Dallas Airbnb hosts are expected to pay a city hotel occupancy tax of 7% in addition to a 6% state hotel tax.

Dallas, TX Top Airbnb Homes
Dallas Airbnb
$91 per night
Entire home/apt · 1 bed
Sunny Spacious House by Love Field
502
Dallas Airbnb
$90 per night
Entire home/apt · 1 bed
#3 Urban Warehouse Loft in Deep Ellum
492
Dallas Airbnb
$93 per night
Entire home/apt · 1 bed
Elegant Historic Studio in Uptown
471
Dallas Airbnb
$91 per night
Entire home/apt · 1 bed
Luxurious, Historic Studio in Uptown
469
Dallas, TX Homes for Rent
Investment Properties for Sale
$1,450
MLS 14227587
6527 Saint Moritz Avenue
Dallas, TX
M Streets
Multi Family
2 beds1 baths1,000 sq.ft.
Investment Properties for Sale
$2,475
MLS 14227324
17760 Agave Lane
Dallas, TX
Far North
Apartment
3 beds3 baths1,937 sq.ft.
Investment Properties for Sale
$1,350
MLS 14227332
2304 Licorice Place
Dallas, TX
Southeast Dallas
Single Family
3 beds2 baths1,287 sq.ft.
Investment Properties for Sale
$1,395
MLS 14227337
6430 Cinnamon Oaks Drive
Dallas, TX
South Dallas
Single Family
3 beds2 baths1,528 sq.ft.
Dallas, TX Open Houses
Investment Properties for Sale
Open 12 PM to 2 PM
$515,000
MLS 14227484
10306 Lippitt Avenue
Dallas, TX 75218
Northeast Dallas
Single Family Residential
3 beds4 baths2,249 sq.ft.
CAP RATE
Trad. -1.12%Airbnb 0.21%
Investment Properties for Sale
Open 1 PM to 5 PM
$395,000
MLS 14225174
2339 Saint Francis Avenue
Dallas, TX 75228
Urbandale-Parkdale
Single Family Residential
3 beds2 baths1,724 sq.ft.
CAP RATE
Trad. -0.54%Airbnb 2.00%
Investment Properties for Sale
Open 2 PM to 4 PM
$315,000
MLS 14224776
18932 Voss Road
Dallas, TX 75287
Far North
Single Family Residential
3 beds2 baths1,898 sq.ft.
CAP RATE
Trad. 2.29%Airbnb 4.53%
Investment Properties for Sale
Open 1 PM to 3 PM
$699,000
MLS 14225231
6305 Glennox Lane
Dallas, TX 75214
M Streets
Single Family Residential
4 beds3 baths2,803 sq.ft.
CAP RATE
Trad. 1.30%Airbnb 1.15%
Best Dallas Neighborhoods for Buying Investment Property
68%
Mashmeter
property price
$459,000
Median
cap rate
6.97%
Traditional
5.63%
Airbnb
rental income
$2,665
Traditional
$2,152
Airbnb
homes for sale
93
occupancy rate
61%
Airbnb
89%
Mashmeter
property price
$389,000
Median
cap rate
6.38%
Traditional
6.64%
Airbnb
rental income
$2,068
Traditional
$2,152
Airbnb
homes for sale
13
occupancy rate
61%
Airbnb
81%
Mashmeter
property price
$275,000
Median
cap rate
11.04%
Traditional
9.39%
Airbnb
rental income
$2,530
Traditional
$2,152
Airbnb
homes for sale
3
occupancy rate
61%
Airbnb
66%
Mashmeter
property price
$330,000
Median
cap rate
7.41%
Traditional
7.84%
Airbnb
rental income
$2,038
Traditional
$2,155
Airbnb
homes for sale
19
occupancy rate
60%
Airbnb
88%
Mashmeter
property price
$479,900
Median
cap rate
9.71%
Traditional
5.27%
Airbnb
rental income
$3,881
Traditional
$2,108
Airbnb
homes for sale
23
occupancy rate
60%
Airbnb