Market Analysis
Dallas Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$322,450
Average Monthly Rent
$1,701
Estimated Cap Rate
6.3%
Rent-to-Price Ratio
0.5%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 75217 | $240,000 | $1,695 | 0.71% |
| 75211 | $295,000 | $1,475 | 0.50% |
| 75228 | $349,900 | $1,695 | 0.48% |
| 75206 | $599,000 | $1,940 | 0.32% |
Context · FRED home price index
Market Trends
Dallas metro area — % change since 2018
Home Prices
+66.9%
Rent Index
+39.3%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Apartment | $1,292/mo |
| Condo | $1,406/mo |
| Multi-Family | $1,686/mo |
| Townhouse | $2,135/mo |
| Single Family | $2,820/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$322,450
Down Payment (20%)$64,490
Monthly P&I$1,682
Monthly Rent$1,701
Est. NOI$12,247/yr
Est. Cash Flow-$661/mo
Cash on Cash-11.2%
The Dallas market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Dallas
- 1Moderate cap rates suggest balanced cash flow and appreciation
- 21% Rule fails at median prices — need rent of $3,225/mo to pass
- 3Below-average rents keep entry costs low for new investors
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