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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 Sale2,432
Airbnb Properties1,070
Rental Properties6,135
Traditional Vacancy rate9.90%
Airbnb Occupancy Rate56.79%
Mashmeter69.28%
Median Price$348,500
Median Rent Price$1,991
Price/sqft$226
Median Days on Market68
Price to Rent Ratio20.3
Average Cap Rate
Airbnb3.22%
Traditional1.95%
Average Rental Income
Airbnb$2,874
Traditional$1,686
 
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$1,629$1,405$2,348$3,716$4,438
Traditional$1,090$1,014$1,464$2,215$2,458
Dallas, TX - Homes for Sale - Newly Listed
$180,000
MLS 14554850
7510 Holly Hill Drive #115
Dallas, TX 75231
Lake Highlands
Condo/Coop
2 beds3 baths1,178 sq.ft.
CAP RATE
Trad. 1.00%Airbnb 0.64%
$719,900
MLS 14554356
3717 W Beverly Drive
Dallas, TX 75209
Bluffview
Single Family Residential
3 beds4 baths3,025 sq.ft.
CAP RATE
Trad. 0.98%Airbnb -0.32%
$595,000
MLS 14544692
3966 Dunhaven Road
Dallas, TX 75220
Bluffview
Single Family Residential
3 beds2 baths1,896 sq.ft.
CAP RATE
Trad. 1.75%Airbnb 0.17%
$499,900
MLS 14554497
4111 Newton Avenue #18
Dallas, TX 75219
Oak Lawn
Condo/Coop
2 beds3 baths1,977 sq.ft.
CAP RATE
Trad. 0.11%Airbnb -0.32%
Top Performing Dallas Properties
$185,000
MLS 14533696
10818 Eastcrest Lane
Dallas, TX 75217
Southeast Dallas
Single Family Residential
3 beds2 baths1,840 sq.ft.
CAP RATE
Trad. 3.52%Airbnb 8.00%
$225,000
MLS 14550835
5706 Glen Forest Lane
Dallas, TX 75241
Five Mile Creek
Single Family Residential
3 beds2 baths1,815 sq.ft.
CAP RATE
Trad. 3.29%Airbnb 8.00%
$155,000
MLS 14443547
5310 Keller Springs Road #137
Dallas, TX 75248
Far North
Condo/Coop
2 beds2 baths955 sq.ft.
CAP RATE
Trad. 2.40%Airbnb 7.99%
$300,000
MLS 14508123
419 N FRANCES
Dallas, TX 75211
Dells District
Single Family Residential
4 beds2 baths1,075 sq.ft.
CAP RATE
Trad. 6.36%Airbnb 7.98%
Recently Sold Homes in Dallas, TX
$469,900
MLS 14519189
1121 Bayonne Street #101
Dallas, TX 75212
Near East
Multi Family
3 beds3 baths2,142 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$3,250,000
MLS 14426797
2504 STATE Street
Dallas, TX 75201
Arts District
Multi Family
7 beds8 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$1,950,000
MLS 14447318
4400 San Jacinto Street
Dallas, TX 75204
Arts District
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$109,000
MLS 14551995
3441 Detonte Street
Dallas, TX 75223
Urbandale-Parkdale
Multi Family
2 beds2 baths1,290 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
$120,000
MLS 14519114
10315 Hillhouse Lane
Dallas, TX 75227
Southeast Dallas
Multi Family
2 beds1 baths999 sq.ft.
CAP RATE
Trad. 7.63%Airbnb N/A
$150,000
MLS 14503619
2606 Marburg Street
Dallas, TX 75215
South Boulevard-Park Row Historic
Multi Family
5 beds2 baths0 sq.ft.
CAP RATE
Trad. 6.98%Airbnb N/A
$176,900
MLS 14489782
1532 Whitaker Avenue #2
Dallas, TX 75216
Cedar Crest
Multi Family
3 beds2 baths0 sq.ft.
CAP RATE
Trad. 6.82%Airbnb N/A
$175,000
MLS 14485225
719 S Vernon Avenue #A
Dallas, TX 75208
Oak Cliff
Multi Family
3 beds2 baths1,230 sq.ft.
CAP RATE
Trad. 6.71%Airbnb N/A
Homes Below Median Price in the Dallas, TX Real Estate Market
$185,000
MLS 14533696
10818 Eastcrest Lane
Dallas, TX 75217
Southeast Dallas
Single Family Residential
3 beds2 baths1,840 sq.ft.
CAP RATE
Trad. 3.52%Airbnb 8.00%
$225,000
MLS 14550835
5706 Glen Forest Lane
Dallas, TX 75241
Five Mile Creek
Single Family Residential
3 beds2 baths1,815 sq.ft.
CAP RATE
Trad. 3.29%Airbnb 8.00%
$155,000
MLS 14443547
5310 Keller Springs Road #137
Dallas, TX 75248
Far North
Condo/Coop
2 beds2 baths955 sq.ft.
CAP RATE
Trad. 2.40%Airbnb 7.99%
$300,000
MLS 14508123
419 N FRANCES
Dallas, TX 75211
Dells District
Single Family Residential
4 beds2 baths1,075 sq.ft.
CAP RATE
Trad. 6.36%Airbnb 7.98%
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
$99 per night
$53 per night
$46 per night
$65 per night
Dallas, TX Homes for Rent
$2,199
MLS 14552317
6848 Bandera Avenue #205
Dallas, TX
North Dallas
Apartment
2 beds2 baths1,396 sq.ft.
$2,200
MLS 14554291
6115 Averill Way #D
Dallas, TX
North Dallas
Apartment
2 beds2 baths1,720 sq.ft.
$1,400
MLS 14555568
6727 Ascot Lane
Dallas, TX
Northeast Dallas
Multi Family
2 beds1 baths900 sq.ft.
$1,350
MLS 14553905
2681 Texas Drive #B
Dallas, TX
Dells District
Multi Family
2 beds1 baths1,000 sq.ft.
Dallas, TX Open Houses
Open 1 PM to 4 PM
$595,000
MLS 14544692
3966 Dunhaven Road
Dallas, TX 75220
Bluffview
Single Family Residential
3 beds2 baths1,896 sq.ft.
CAP RATE
Trad. 1.75%Airbnb 0.17%
Open 2 PM to 4 PM
$610,000
MLS 14554261
4211 Rawlins Street #733
Dallas, TX 75219
Oak Lawn
Townhouse
3 beds4 baths2,371 sq.ft.
CAP RATE
Trad. 1.51%Airbnb 1.59%
Open 2 PM to 4 PM
$585,000
MLS 14544496
1821 Euclid Avenue #A
Dallas, TX 75206
M Streets
Condo/Coop
2 beds3 baths2,415 sq.ft.
CAP RATE
Trad. -0.33%Airbnb -0.87%
Open 8 AM to 8 PM
$650,000
MLS 14547880
6106 Warm Mist Lane
Dallas, TX 75248
Far North
Single Family Residential
4 beds3 baths3,143 sq.ft.
CAP RATE
Trad. 1.40%Airbnb 3.57%
Best Dallas Neighborhoods for Buying Investment Property
71%
Mashmeter
property price
$475,000
Median
cap rate
6.60%
Traditional
7.09%
Airbnb
rental income
$2,612
Traditional
$2,807
Airbnb
homes for sale
94
occupancy rate
60%
Airbnb
69%
Mashmeter
property price
$429,500
Median
cap rate
3.80%
Traditional
8.51%
Airbnb
rental income
$1,360
Traditional
$3,045
Airbnb
homes for sale
47
occupancy rate
50%
Airbnb
81%
Mashmeter
property price
$277,500
Median
cap rate
9.15%
Traditional
12.23%
Airbnb
rental income
$2,117
Traditional
$2,828
Airbnb
homes for sale
11
occupancy rate
60%
Airbnb
71%
Mashmeter
property price
$572,400
Median
cap rate
3.83%
Traditional
6.26%
Airbnb
rental income
$1,829
Traditional
$2,984
Airbnb
homes for sale
12
occupancy rate
49%
Airbnb
83%
Mashmeter
property price
$225,000
Median
cap rate
13.50%
Traditional
15.34%
Airbnb
rental income
$2,531
Traditional
$2,875
Airbnb
homes for sale
5
occupancy rate
59%
Airbnb