Real Estate Investing in Dallas, Texas (75204)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 75204 (Dallas, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.3% of homes vacant — above national norms.
What’s happening in Dallas, TX (75204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 75204 Dallas
The 75204 ZIP covers a section of Dallas that demands careful diligence. Prices near $501K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 75204 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Dallas have seen price recovery that 75204 has not matched. Dallas County data supports the view that the spread is structural rather than temporary.
The 75204 ZIP's population of 33,552 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Dallas:
Property Strategy for 75204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $252,300 | $2,360 | 6.7% | +2.7% | $252,300 |
| 2BR | $488,618 | $2,770 | 4.1% | +5.1% | $244,309 |
| 3BR | $658,177 | $3,490 | 3.8% | +4.6% | $219,392 |
| 4BR | $815,152 | $4,430 | 3.9% | +7.3% | $203,788 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 75204 Compare?
| Metric | 75204 | Dallas | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $501,099 | $165,798 | N/A | $297,000 |
| 5-Year CAGR | 2.9% | 3.9% | N/A | 5.4% |
| Avg Rent | $2,087 | $1,659 | N/A | - |
| Cap Rate | 3.3% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 75204 (Dallas, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 75204 (Dallas, TX)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Dallas County
Manage rentals here? List your business →Accolade Property Management, Inc. is a full-service real estate management firm specializing in multifamily assets from Texas to Florida, dedicated to quality, value appreciation, and integrity. summary from their website
Blue Mountain Community Management Inc. offers HOA and condominium management services in the Portland Metro, Southern and Coastal Oregon, Seattle, and Tri-Cities areas. summary from their website
Enchill Property Management Consulting helps apartment properties fill vacancies and can build and train staff on effective property management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $501,099 |
| Monthly Rent | $2,087 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +2.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 75204
Population: 33,552
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 75204
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 19,111 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Dallas, TX?
Investors tracking Dallas, TX will find a 3.0/5 rating supported by $501K median home values and $2,087/mo rents. That profile suits long-term holders targeting consistent returns.
What kind of vacancy should I budget for in Dallas, TX?
Dallas, TX carries elevated vacancy risk. Expect measured absorption at market rents of $2,087/mo.
How deep is the rental pool in Dallas, TX?
Dallas, TX offers a consistent renter base at the $2,087/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much does a house cost in Dallas, TX?
Dallas, TX median home values land near $501K. That is reasonable territory for investors looking at $2,087/mo-per-month rentals.
Which real estate strategy fits Dallas, TX?
Most investors in Dallas, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 75204 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 75204 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 75204 ranks in Dallas-Fort Worth-Arlington, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 75204 (Dallas)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 75204 (Dallas, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.