Dallas ranks 4th among 10 U.S. Cities that are projecting continual growth this year in terms of employment, business opportunities, and financial stability. Dallas is the 3rd largest city in Texas with a population of 1,317,929. The workforce in Dallas consists of white-collar and blue-collar jobs, the top 5 consisting of Healthcare (11.2%), Retail (11.0%), Construction (9.9%), Accommodation (9.1%) , and Professional, Scientific, and Technical Services (8.5%). The average commute time to work is 15-30 minutes and the majority of people drive alone or carpool.
Dallas is an exceptionally diverse city within the Southern Region of the United States. The most prevalent ethnic group is Hispanic or Latino (41.5%) followed by Caucasian (29.2%) and African-American (24.3%). Almost 1/4th of Dallas residents are from other cities, states, and countries.
The per capita income of Dallas is $29,752 which is slightly lower than the national per capita income of $29,829. Additionally, the Median Household Income is $45,215 which is about 22% lower than the national Median Household Income of $55,322.
The housing market in Dallas continues to rank among the highest in Texas as well as outpace numerous cities throughout the nation. In October, the average median price was $374,738. The average DOM (Days on Market) was 42.6, the months of housing supply was 3.6, the total number of active listings was 2,341 and total number of sales was 623. In October 2017, the median list price on average was $364,392, the months of housing supply was 2.9, the total number of active listings 1,853, and the total number of sales was 570. Although it is still a sellers market there are great opportunities for both buyers and sellers with the right Realtor working with you!
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(Data Source: Neighborhood Scout, Real Estate Center at Texas A&M and NTREIS)