Dallas Real Estate

Dallas, Texas is the third largest city in the state and ninth largest in the country, with a population at approximately 1.3 million people. Furthermore, Dallas is considered to be one of the larger commercial centers in the country, with the economy largely based in banking and energy. Due to being one of the economic centers in the United States, Dallas, Texas real estate has been on the rise in recent years.

With a diverse population and economic possibilities, Dallas property will prove to be highly touted due to being in one of the major cities in the United States. Dallas, Texas real estate is currently being listed at an average of approximately $470,000. However, the actual sales price for Dallas property is significantly lower, with median sales prices in the $80,000 range. With the sales price of Dallas property being relatively low when compared to other metropolitan areas in the country, it can be deemed that the Dallas, Texas real estate market provides for great investment opportunities.

Some of the more popular neighborhoods and areas in Dallas, such as Preston Hollow, North Dallas, and Oak Lawn, have much higher asking prices the sales average for the city, ranging from $500,000 to $700,000. However, there is one major deterring factor that may affect how the Dallas, Texas real estate market will progress, which are the crime rates. Dallas crime rates are higher than the state average, which can have a negative impact on Dallas property values.

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