Market Snapshot
- Median listing price
- $265K
- Median rent
- $1,499/mo
- Days on market
- 245 days
- Gross rental yield
- 6.79%
- STR vs LTR
- $1,436/mo STR · $1,499/mo LTR
The median listing price in Dallas, TX ZIP 75240 is $265,000 as of June 2026.
The median market rent in Dallas, TX ZIP 75240 is $1,499/month as of June 2026.
The median days on market in Dallas, TX ZIP 75240 is 245 days as of June 2026. The market is currently neutral.
At a median list price of $265,000 and a median rent of $1,499/month, the gross rental yield in Dallas, TX ZIP 75240 is 6.79% as of June 2026.
In Dallas, TX ZIP 75240, median Airbnb revenue is $1,436/month compared to median long-term rent of $1,499/month as of June 2026.
Dallas, TX 75240 Real Estate Market Report
ZIP Code: 75240
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the Dallas 75240 area are averaging 6.6%, reflecting a stable market environment for property owners compared to earlier 2026 levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price is not provided in the supplied metrics, which limits transaction-based valuation clarity and suggests reliance on listing and sample indicators to assess recent market value and liquidity (the absence likely reflects very limited closed-transaction data in the analyzed sample). contextual
- median listing price 265,000 sits alongside prolonged market exposure and may indicate seller price anchoring above where recent transactions would settle; combined with the sample's elevated inventory relative to sales activity, sellers should consider price or condition adjustments to improve offer flow. down
- median days on market 245 reflects materially slower sales velocity and implies significant pricing friction or buyer selectivity; listing strategies that accelerate comparables or offer incentives may be needed to restore quicker turnover. declining
- median market rent 1,499 is rising in a market where rent year-over-year trend is up, so investors should weigh stronger rental income prospects against financing headwinds from interest rate pressure elevated and current 30-year fixed mortgage rates averaging 6.6% in the area; under current conditions, underwriting should stress-test for higher financing costs. up
Notable Properties
The following 5 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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