ZIP 75240 covers residential neighborhoods in Dallas, located within Dallas County, TX, part of the broader Dallas housing market. The typical home value in ZIP 75240 in the Dallas housing market is $395,564, with a typical rent of $1,631 per month. That puts the local home-value-to-annual-rent ratio at 20.2.
Key stats
- ZIP 75240 is around the 62nd percentile of tracked local ZIPs for home value.
- ZIP 75240 is around the 28th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 20.2.
- 56 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $395,564
- Typical rent
- $1,631
- Homes for sale
- 73
- Buyer competition
- 45
- New listings
- 16
- Homes going pending
- 9
- Listings with price cuts
- 28.1%
Price and rent in ZIP 75240
ZIP 75240 is around the 62nd percentile of tracked local ZIPs for home value. ZIP 75240 is around the 61st percentile of tracked local ZIPs for rent.
ZIP 75240 home value & rent trend (past 12 months)
Typical home value fell 1.8% over the past 12 months, from $402,932 to $395,564. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.4% in November 2025.
Typical rent rose 0.2% over the past 12 months, from $1,627 to $1,631. It rose in 8 of 11 monthly readings. The largest monthly gain was +1.9% in July 2026.
How ZIP 75240 compares to Dallas
ZIP 75240's typical home value is 34.0% above the Dallas median of $295,216. ZIP 75240's typical rent is 3.7% above the Dallas median of $1,572. ZIP 75240's buyer competition is 10.0% below the Dallas median of 50.
Supply, pending activity, and competition
ZIP 75240 is around the 28th percentile of tracked local ZIPs for for-sale inventory. ZIP 75240 is around the 28th percentile of tracked local ZIPs for buyer competition. 56 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 52 and 73 — a 21-point spread across 39 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 75254, 75230, 75248, 75243.
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 75254 housing marketReview a nearby local market with the same core measures.
- ZIP 75230 housing marketReview a nearby local market with the same core measures.
- ZIP 75248 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.