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 $294,517, with a typical rent of $1,328 per month. That puts the local home-value-to-annual-rent ratio at 18.5.
Key stats
- ZIP 75231 is around the 49th percentile of tracked local ZIPs for home value.
- ZIP 75231 is around the 54th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 18.5.
- 53 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
- $294,517
- Typical rent
- $1,328
- Homes for sale
- 192
- Buyer competition
- 50
- New listings
- 38
- Homes going pending
- 20
- Listings with price cuts
- 39.4%
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 16th percentile of tracked local ZIPs for rent.
ZIP 75231 home value & rent trend (past 12 months)
Typical home value fell 2.2% over the past 12 months, from $301,219 to $294,517. It rose in 1 of 11 monthly readings. The largest monthly gain was +0.0% in January 2026.
Typical rent rose 0.6% over the past 12 months, from $1,320 to $1,328. It rose in 5 of 11 monthly readings. The largest monthly gain was +1.3% in February 2026.
How ZIP 75231 compares to Dallas
ZIP 75231's typical rent is 15.6% below the Dallas median of $1,572.
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 54th percentile of tracked local ZIPs for buyer competition. 53 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 193 — a 39-point spread across 39 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 75238, 75206, 75243, 75214.
Continue your market research
- Is the Dallas Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Dallas a Buyer's Market?Read the related local market analysis.
- All Dallas ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 75238 housing marketReview a nearby local market with the same core measures.
- ZIP 75206 housing marketReview a nearby local market with the same core measures.
- ZIP 75243 housing marketReview a nearby local market with the same core measures.
- Dallas housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.