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These days, finding an affordable place to live in the Southwest Dallas area can be challenging. Home prices in Southwest Dallas are now at a median cost of $266,611, lower than the Dallas average of $399,057.
The average cost of rent is $1,441/mo in Southwest Dallas, primarily driven by the current value of real estate in the Southwest Dallas area. In Southwest Dallas, 47.46% of households rent, and 47.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Southwest Dallas is $5,831 per month. Households that rent pay about 24.71% of their income on rent here. Southwest Dallas’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Winnetka Heights, Dallas, TX: less expensive homes
- Wolf Creek, Dallas, TX: less expensive homes
- Five Mile Creek, Dallas, TX: higher priced homes
- Oak Cliff, Dallas, TX: higher priced homes
- Cedar Crest, Dallas, TX: less expensive homes
- Eagle Ford, Dallas, TX: higher priced homes
- North Westchester Meadows, Grand Prairie, TX: higher priced homes
- South Dallas Fair Park, Dallas, TX: less expensive homes
- Indian Hills, Grand Prairie, TX: less expensive homes
- Near East, Dallas, TX: higher priced homes
Neighborhoods with Similar Populations
- White Haven-Coro Lake, Memphis, TN: less expensive homes
- Sugarland, Houston, TX: less expensive homes
- West Houston, Houston, TX: higher priced homes
- Sunset Park, Brooklyn, NY: higher priced homes
- Washington Heights, Manhattan, NY: higher priced homes
- Westlake, Los Angeles, CA: higher priced homes
- Wedgwood, Fort Worth, TX: higher priced homes
- Upper East Side, Manhattan, NY: higher priced homes
- Tremont, Bronx, NY: higher priced homes
- West, Arlington, TX: higher priced homes
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