Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,830 people, 2,885 houses or apartments, and a median cost of homes of $257,913, Lake Dallas real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Lake Dallas, accounting for 61.44% of the city's housing units. Other types of housing that are prevalent in Lake Dallas include large apartment complexes or high rise apartments ( 26.12%), mobile homes or trailers ( 8.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Dallas. Owner-occupied housing accounts for 72.29% of Lake Dallas's homes, and 56.64% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Dallas built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lake Dallas built between 2000 and later ( 45.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.59%).
In the last 10 years, Lake Dallas has experienced some of the highest home appreciation rates of any community in the nation. Lake Dallas real estate appreciated 135.34% over the last ten years, which is an average annual home appreciation rate of 8.94%, putting Lake Dallas in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Dallas definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Lake Dallas appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Dallas's appreciation rate has been 1.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Dallas were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Lake Dallas's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
$257,913
for Texas
for nation
2,885
$2,202 / per month