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Dallas County, TX

RANK #853 / 996 NAT  ·  #47 / 69 TX  ·  POP 2,604,053

1YR FORECAST: -0.9%

5YR OUTLOOK: +14%

#28 Most Undervalued
Our model projects Dallas County's housing market at -0.9% over the next year, underperforming most U.S. counties.

[01] Why Dallas County?

Dallas County, Texas, stands out for its blend of urban amenities and natural escapes, with the Cedar Ridge Preserve offering a taste of the Texas Hill Country just 20 minutes from downtown Dallas. This 600-acre natural sanctuary, managed by Audubon Dallas, features miles of hiking trails, native plants, and wildlife, including opportunities for birdwatching. The county, home to the city of Dallas, is located in north central Texas, characterized by rolling prairie and the Trinity River flowing through its center. Commute options include major interstates, tollways, and the extensive Dallas Area Rapid Transit (DART) light rail system, which connects Dallas with surrounding cities and even both major airports.

Life in Dallas County offers a diverse community with access to numerous parks, restaurants, and cultural attractions. Public schools in the county are rated above average, with several highly-ranked institutions. The economy is driven by various sectors, attracting families and professionals. Recent economic developments include significant investments in commercial and residential properties, data centers, and infrastructure projects, such as new parks and trail systems. The county also focuses on environmental quality through programs like Property Assessed Clean Energy (PACE) and maintaining its extensive open space system.

[02] Market Snapshot

Housing Ratio
2.1x

Undervalued relative to economy

GDP Growth
+1.3%

Well below national median

Home Prices
-4.1%

Prices declining

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 2.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Texas Health Resources Healthcare
    10,000+
  2. 2
    Dallas ISD Education
  3. 3
    Baylor Health Care System Healthcare
  4. 4
    AT&T Technology
  5. 5
    Lockheed Martin Manufacturing
  6. 6
    JPMorgan Chase Finance
  7. 7
    UT-Southwestern Medical Center Healthcare
  8. 8
    City of Dallas Government
  9. 9
    HCA North Texas Division Healthcare
  10. 10
    U.S. Postal Service Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Dallas County U.S. National

The Numbers

DEMOGRAPHICS
Population
2,604,053
-0.03% YoY
Median Household Income
$70,732
Median Home Value
$252,200
-4.11% 12mo
Median Rent
$1,374
Average Annual Pay
$89,284
+3.4% YoY
Employment
1,826,215
-0.6% YoY
Income-to-Home-Value
0.2805
More affordable than average
Migration Inflow
2.75%
of pop. from another state
Bachelor's Degree+
33.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$358,000
Days on Market
71
Slower market
Months of Supply
5.0
Buyer's market
Sale-to-List Ratio
96.9%
Negotiation room for buyers
Sold Above List
14.3%
Listings w/ Price Drops
28.7%
Building Permits (2024)
12,711
Single-Family Permits
5,655

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
9.5
per 100K · nat avg 6.3
Firearm Fatalities
15.1
per 100K · nat avg 14.8
Injury Deaths
68.0
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
51.3
Moderate
Good Air Days
45%
496 of 1,095 days
Unhealthy+ Days (3yr)
54
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
47
2022
52
2023
55
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$4,499M
TOTAL
PROJECT AMOUNT STATUS
I-635 Reconstruction and Widening (US 75 to S of I-30; E and W on I-30)
Pegasus Link Constructors (TxDOT)
$1,700M Under Construction
Dallas County Data Center Relocation
Dallas County
$750M Planned
I-35E Reconstruction (I-635 to Denton Co. line)
Lone Star Constructors (TxDOT)
$709M Under Construction
I-635 at US 80 Interchange Reconstruction
Austin Bridge & Road Services, LP (TxDOT)
$540M Under Construction
University Hills Master-Planned Development
Hoque Global
$500M Under Construction
Stream Data Centers Hyperscale Campus (Wilmer)
Stream Data Centers
$300M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.3% 22 percentile
Population Growth -0.0% 28 percentile
Income Growth +8.8% 58 percentile
Vacancy Rate 2.4% 4 percentile
Home Price Change -4.1% 4 percentile
Rent Growth +0.2% 13 percentile
Price/Rent 13x 55 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Dallas County, TX a good place to move to?

The data is not encouraging — Dallas County scores just 14/100 on the Boom Town Index, ranking #853 of 996 counties. Job growth at -0.6% and median household income of $70,732 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Dallas County affordable?

Housing in Dallas County is roughly in line with national affordability norms. The median home costs $252,200 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,374/month. Not a bargain, but not a stretch for most local earners either.

Is Dallas County growing or shrinking?

Population and employment in Dallas County are both close to flat — population -0.0% YoY and jobs -0.6%. Home values shifted -4.1% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Dallas County?

There's a moderate stream of newcomers. About 2.75% of residents moved from another state, which is above average and suggests Dallas County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Kaufman County, TX 13 Starr County, TX 16 Galveston County, TX 16 Hunt County, TX 12 Henderson County, TX 12 San Patricio County, TX 11 Orange County, CA 15 Clark County, NV 12