Lake Dallas Home Prices & Values

$142,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.5% 1-year change
  • 4.3% 1-year forecast

The median home value in Lake Dallas is $142,100. Lake Dallas home values have gone up 6.5% over the past year and Zillow predicts they will rise 4.3% within the next year. The median list price per square foot in Lake Dallas is $90, which is lower than the Dallas-Fort Worth Metro average of $99. The median price of homes currently listed in Lake Dallas is $192,500 while the median price of homes that sold is $155,331.

Foreclosures will be a factor impacting home values in the next several years. In Lake Dallas 2.8 homes are foreclosed (per 10,000). This is lower than the Dallas-Fort Worth Metro value of 4.4 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lake Dallas is 5.5%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lake Dallas homeowners underwater on their mortgage is 7.7%, which is lower than Dallas-Fort Worth Metro at 13.0%.

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Relative ZHVI
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Lake Dallas Market Overview

Data through Jun 30, 2014
  • $142,100 ZHVI
  • 4.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $192,500 Median listing price
  • $155,331 Median sale price (May 31, 2014)
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Lake Dallas Market Health

Data through Jun 30, 2014
  • 4.9/10 Stable What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 7.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.5% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.8 homes(May 31, 2014) Lake Dallas
4.4 homes Dallas-Fort Worth Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Double Oak $352,300 Highland Village $277,100 Shady Shores $246,900
Hickory Creek $180,100 Corinth $179,100 Hackberry $167,300
Little Elm $166,600 Lewisville $164,200 Cross Roads $152,000

Listings & Sales

Data through Jun 30, 2014
  • $90 Median list price / sq ft
  • $80 Median sale price / sq ft (May 31, 2014)
  • 10.2% Listings with price cut
50.4%
Sold below listing
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Lake Dallas Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,416 Lake Dallas
$1,393 Dallas-Fort Worth Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.75 Rent list price / sq ft
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