ZIP 75231 covers residential neighborhoods in Dallas, located within Dallas County, TX, part of the broader Dallas housing market. The typical home value in ZIP 75231 in the Dallas housing market is $297,072, with a typical rent of $1,364 per month. That puts the local home-value-to-annual-rent ratio at 18.1.
Key stats
- ZIP 75231 is around the 49th percentile of tracked local ZIPs for home value.
- ZIP 75231 is around the 62nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 18.1.
- 55 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $297,072
- Typical rent
- $1,364
- Homes for sale
- 192
- Buyer competition
- 52
- New listings
- 42
- Homes going pending
- 23
- Listings with price cuts
- 34.9%
Price and rent in ZIP 75231
ZIP 75231 is around the 49th percentile of tracked local ZIPs for home value. ZIP 75231 is around the 26th percentile of tracked local ZIPs for rent.
ZIP 75231 home value & rent trend (past 12 months)
Typical home value fell 2.4% over the past 12 months, from $304,425 to $297,072. It rose in 1 of 11 monthly readings. The largest monthly gain was +0.0% in January 2026.
Typical rent rose 1.4% over the past 12 months, from $1,346 to $1,364. It rose in 7 of 11 monthly readings. The largest monthly gain was +1.3% in February 2026.
How ZIP 75231 compares to the metro
ZIP 75231's typical rent is 13.4% below the metro median of $1,575.
Supply, pending activity, and competition
ZIP 75231 is around the 82nd percentile of tracked local ZIPs for for-sale inventory. ZIP 75231 is around the 62nd percentile of tracked local ZIPs for buyer competition. 55 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 154 and 192 — a 38-point spread across 39 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 75238, 75225, 75206, 75243.
Continue your market research
- Is Dallas Housing Market Cooling?Read the related local market analysis.
- Is Dallas a Buyer's Market?Read the related local market analysis.
- Compare 75231 vs 75201Compare this market with another tracked ZIP or peer group.
- Compare 75231 vs 75202Compare this market with another tracked ZIP or peer group.
- Compare 75231 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 75238 housing marketReview a nearby local market with the same core measures.
- ZIP 75225 housing marketReview a nearby local market with the same core measures.
- ZIP 75206 housing marketReview a nearby local market with the same core measures.
- Dallas Metro housing market overviewReturn to the broader parent market.
75231 Housing Market Overview FAQ
What is the typical home value in ZIP 75231?
The typical home value in ZIP 75231 is $297,072 in the latest monthly reading.
What is the typical rent in ZIP 75231?
Typical rent in ZIP 75231 is $1,364 per month.
What is the home-value-to-rent ratio in ZIP 75231?
ZIP 75231 has a home-value-to-annual-rent ratio of 18.1.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules