Discover Dallas
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 Real Estate Investment Performance
| Facts and Market Trends in Dallas |
| Homes For Sale3,310 |
| Airbnb Properties2,849 |
| Rental Properties6,758 |
| Traditional Vacancy rate7.70% |
| Airbnb Occupancy Rate57.57% |
| Mashmeter39.19% |
| Median Price$455,000 |
| Median Rent Price$2,818 |
| Price/sqft$288 |
| Median Days on Market23 |
| Price to Rent Ratio25.2 |
| Average Cap Rate |
| Airbnb4.55% |
| Traditional3.58% |
| Average Rental Income |
| Airbnb$3,422 |
| Traditional$2,206 |
| Median Household Income$54,747 |
| Population1,288,000 |
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleCalculate annual revenue, ADR, & occupancy rates with our free Airbnb calculator
Short Term Rental CalculatorDallas Rent Prices
| RENTAL STRATEGY | STUDIOS | 1 BEDROOM | 2 BEDROOMS | 3 BEDROOMS | 4 BEDROOMS |
|---|---|---|---|---|---|
| Airbnb | $1,699 | $1,857 | $2,525 | $3,518 | $4,771 |
| Traditional | $1,780 | $1,351 | $2,114 | $2,978 | $3,093 |
Dallas, TX - Homes for Sale - Newly Listed
Dallas, TX 75240Lake Highlands
Dallas, TX 75206M Streets
Dallas, TX 75232Wolf Creek
Dallas, TX 75211Dells District
Top Performing Dallas Properties
Dallas, TX 75216Five Mile Creek
Dallas, TX 75224Five Mile Creek
Dallas, TX 75211Dells District
Dallas, TX 75220Preston Hollow
Recently Sold Homes in Dallas, TX
Dallas, TX 75209Oak Lawn
Dallas, TX 75205M Streets
Dallas, TX 75228Northeast Dallas
Dallas, TX 75217Southeast Dallas
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
Dallas, TX 75248Far North
Dallas, TX 75223Urbandale-Parkdale
Dallas, TX 75223M Streets
Dallas, TX 75223M Streets
Homes Below Median Price in the Dallas, TX Real Estate Market
Dallas, TX 75216Five Mile Creek
Dallas, TX 75224Five Mile Creek
Dallas, TX 75211Dells District
Dallas, TX 75220Preston Hollow
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, TX Homes for Rent
Dallas, TX Open Houses
Best Dallas Neighborhoods for Buying Investment Property
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All Dallas Neighborhoods
- Eagle Ford
- Oak Cliff
- North Dallas
- South Dallas
- M Streets
- Bluffview
- Cedar Crest
- City Center District
- Far North
- Farmers Market District
- Government District
- Lake Caroline
- Lake Highlands
- Love Field Area
- Main Street District
- Northeast Dallas
- Northwest Dallas
- Oak Lawn
- Preston Hollow
- Reunion District
- South Boulevard-Park Row Historic
- Southeast Dallas
- Southwest Dallas
- Urbandale-Parkdale
- West End Historic District
- Winnetka Heights
- Wolf Creek
- Arts District
- Five Mile Creek
- Near East
- Coppell
- Dells District