Real Estate Investing in Dallas, Texas (75238)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 75238 (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.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 43.3 — hard to cash-flow at these prices.
What’s happening in Dallas, TX (75238)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 75238 Dallas
Investors eyeing 75238 need to respect the fundamentals at play. Home values of $642K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $642K asset, 75238 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within TX, ZIP 75238 trails on several market indicators that neighboring Dallas County submarkets outperform. The gap is real and significant enough to shape underwriting.
The 75238 ZIP's population of 33,439 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The right play in 75238 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Dallas:
Property Strategy for 75238
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $361,403 | $1,660 | 3.3% | +7.0% | $180,702 |
| 3BR | $534,562 | $2,090 | 2.8% | +7.8% | $178,187 |
| 4BR | $746,468 | $2,660 | 2.6% | +8.8% | $186,617 |
| 5BR | $1,064,499 | — | — | +9.6% | $212,900 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 75238 Compare?
| Metric | 75238 | Dallas | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $642,110 | $165,798 | N/A | $297,000 |
| 5-Year CAGR | 6.5% | 3.9% | N/A | 5.4% |
| Avg Rent | $1,235 | $1,659 | N/A | - |
| Cap Rate | 1.5% | 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 75238 (Dallas, TX). Anonymous, moderated, never written by AI.
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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 | $642,110 |
| Monthly Rent | $1,235 |
| Price-to-Rent | 43.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | -3.6% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.5%). 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 75238
Population: 33,439
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 75238
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GENEVA HEIGHTS EL
ALEX SANGER PREPARATORY SCHOOL
JILL STONE EL AT VICKERY MEADOW
L L HOTCHKISS EL
MARTHA TURNER REILLY EL
About Repit School Scores
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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
Frequently Asked Questions
What is the typical home price in Dallas, TX?
Median home price in Dallas, TX is near $642K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Which investment style suits 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.
Are eviction rules reasonable in Dallas, TX?
Rental owners in Dallas, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Dallas, TX good for house hacking?
Dallas, TX offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,235/mo rent level.
Is it easy to find good tenants in Dallas, TX?
Dallas, TX offers a even-keeled renter base at the $1,235/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 75238 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 75238 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 75238 ranks in Dallas-Fort Worth-Arlington, TX
Every ZIP in this metro, ranked. Free.
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