ACS 2023 · HUD FY2027 · 3 ZCTAs with ACS
Dallas housing stock & renter economics
Dallas apartment-building and small-multifamily investors concentrate in ZIPs where HUD Fair Market Rents sit above or beside ACS median gross rent. The table below is ZCTA housing stock and voucher benchmarks for commercial residential income underwriting, linked to each ZIP housing profile.
3 ZCTAs · 3 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.
- Population
- 149,583
- Households
- 50,719
- Housing units
- 54,053
- 2-unit stock
- 652
- 3–4 unit stock
- 806
- 2–4 unit stock
- 1,458
- 5–49 unit stock
- 2,104
- 50+ unit stock
- 564
- Median renter share
- 22.0%
- ACS median rent
- $1,485
- Contract rent
- $1,248
- 1BR SAFMR
- $1,540
- 2BR SAFMR
- $1,680
- 3BR SAFMR
- $2,000
- SAFMR / ACS rent
- 1.15×
- Vacancy (ACS)
- 7.1%
- Pop Δ 2018–2023
- +5.8%
- Median HH income
- $93,562
- Rent burden ≥30%
- 44.8%
- Rent burden ≥50%
- 19.9%
- LIHTC projects / units
- 13 / 1,463
- HUD assisted MF
- 7 / 515
- Alloc. 5+ permits
- 249
Dallas: median renter share 22.0%; ACS median gross rent $1,485; FY2027 2BR SAFMR $1,680; 2BR SAFMR is 1.15× ACS median gross rent; 652 units in 2-unit structures, 806 in 3–4-unit structures, and 2,104 in 5–49-unit structures; population up +5.8% between ACS 2018 and 2023; 13 LIHTC projects (1,463 units); 249 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock, not a rent roll and not a buy/sell score.
Georgia ZIP housing directory·All Georgia ZCTAs·SAFMR directory·Voucher Spread™
ZCTA ≈ USPS ZIP. ACS 5-year 2023 lags construction. Units-in-structure is Census standing stock (2-unit vs 3–4 vs 5–49 vs 50+), not the live FMLS card. SAFMR is a bedroom-specific HUD voucher benchmark, not asking rent. LIHTC / assisted-MF are inventory of record and belong on apartment pages. 5+ permits are county BPS 2025 allocated by ZCTA housing-unit share. Brokerage is Georgia-only.
Multifamily Investment Properties for Sale in Dallas
No active small multifamily listings in Dallas right now. Dallas sits in Paulding County and offers more affordable multifamily than many closer-in markets. Inventory is typically small residential multi-unit properties.
All Georgia multifamily →Georgia multifamily market report →
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Showing 0 of 0 multifamily investment properties for sale
No multifamily investment properties for salecurrently listed in Dallas.
Browse all Georgia multifamilyAll types in DallasRun the numbers on Dallas multifamily
Before you offer, check the ask against NOI with the NOI and cap rate calculator, test DSCR on the multifamily deal analyzer, and price per door on the multifamily property value calculator.
Know the terms first:what cap rate Atlanta apartments list atnet operating income explainedapartment pro forma explainedDSCR explained for multifamilygross rent multiplier explainedcash-on-cash return on apartment buildingscommercial property loan optionsOpportunity Zone investing guide
- Cap rate · NOIcap rate and NOI calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR · Cash-on-cash · Cash flowrental property cash flow calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
- GRM · Price per unit · Income approachGRM and price per unit calculatorIncome-approach value, price per door, and GRM with a cap rate sensitivity.
- 1% rule · Rent to price1 percent rule propertiesLive Georgia multifamily listings where monthly rent clears 1% of the ask.
- Debt service · Balloon · Commercial mortgagedebt service calculatorMonthly payment, annual debt service, and the balloon on a commercial loan.
- IRR · Equity multiplecommercial real estate IRR calculatorLevered IRR and equity multiple from cash flow growth and an exit cap.
- 1031 exchange · Boot1031 exchange calculatorDeferred gain, cash and mortgage boot, minimum replacement price, 45 and 180 day clock.
- LIHTC · Rent limits · Tax creditsLIHTC valuation toolGeorgia LIHTC rent caps by county and AMI tier, plus annual credits and equity from eligible basis.
Screening estimates only. Confirm rents, expenses and loan terms with a T-12, rent roll and lender quote.
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Frequently Asked Questions: Dallas Multifamily
Are there multifamily properties for sale in Dallas?
This page is the live FMLS Residential Income set for multifamily properties in Dallas. Counts change with the MLS feed. If inventory is thin, open the statewide Georgia multifamily properties collection or the county page for a larger sample.
How does Dallas compare to Georgia overall for multifamily properties?
Use the statewide inventory at /multifamily-for-sale/georgia for the full Georgia multifamily properties set, then compare $/door and published cap estimates against this city. Smaller markets often have one or two live listings; that is not a full comp set.
Do multifamily properties in Dallas still qualify for residential financing?
Most 2 to 4 unit multifamily properties can still qualify for conventional residential financing when the buyer and property meet guidelines. Always confirm with your lender. 5+ unit buildings are a different stack.
Why is the estimated cap rate missing on some Dallas listings?
Yields on this site are independent screening models, not MLS fields. A listing is left out of the cap sample when we cannot publish a number. That is not a zero cap: pull the rent roll.
What rent should I underwrite on a multifamily property in Dallas?
The rent the units actually collect, from the rent roll and bank deposits, not the asking or pro forma rent. Check it against HUD Fair Market Rents for the area and a few nearby rental listings. If a building leans on Housing Choice Vouchers, the local housing authority payment standard sets the ceiling.
Will the property taxes change after I buy a multifamily property in Dallas?
Plan on it. Georgia assesses property at 40% of fair market value, and a sale gives the county assessor a fresh market value to work from, so budget taxes on your purchase price rather than the seller's current bill. The county tax assessor that covers Dallas can tell you the millage rate.
Can I use a 1031 exchange to buy a multifamily property in Dallas?
Yes, when the property you sell and the one you buy are both held for investment. Identify the replacement within 45 days, close within 180 days and use a qualified intermediary. Any investment real estate, including land and commercial buildings, can be exchanged into a rental property.
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