Foreclosed homes for sale in Dallas, TX
Foreclosed homes in Dallas will be on the rise through the end of 2021 with a gradual decrease predicted for 2022. The Home Value Index for Dallas is currently $282,195 in a seller's market, meaning that housing prices will continue to increase, making it more challenging traditionally without breaking the bank. Competition with real estate investors, out of towners, and people willing to pay cash for the offer often put the average buyer out of the running. These factors all come together to make traditional home-buying unrealistic for current buyers' budgets. Because of this, many buyers have started to consider purchasing foreclosed homes in Dallas.
If you're in the market for a home, purchasing five years, home values in Dallas, Texas, have increased by over 57%, with an average increase of 21.5% year over year. On top of that, the number of active single-family homes listed for sale has decreased by 50.7% year over year. Not only is the market competitive, but there are fewer and fewer homes to choose from.
If you have been discouraged by the current housing marketing, you are not alone. That's why many people are considering purchasing a foreclosed home as a viable path to homeownership. In Dallas, TX, there are some fantastic foreclosed home options available. If you have been finding it difficult to find a home in your price range in Dallas while saving for a down payment, a foreclosed home could be just the option for you. Foreclosed homes offer the opportunity to get into a home at a reduced price (sometimes substantially reduced) in exchange for potentially needing to make repairs and otherwise fix up the home. Repairs may not always be necessary but it should be anticipated. Below are a variety of homes either in some type of foreclosure or pre-foreclosure status.
More Dallas, TX Property Resources
Foreclosed Homes in Cities Near Dallas, TX
- Addison
- Balch Springs
- Bear Creek Ranch
- Bristol
- Cedar Hill
- Cockrell Hill
- Combine
- Cottonwood
- Crandall
- Dallas
- DeSoto
- Duncanville
- Ennis
- Farmers Branch
- Fate
- Ferris
- Garland
- Garrett
- Glenn Heights
- Grand Prairie
- Heartland
- Heath
- Highland Park
- Hutchins
- Irving
- Lancaster
- Mesquite
- Midlothian
- Mobile City
- Oak Leaf
- Ovilla
- Parker
- Pecan Hill
- Plano
- Post Oak Bend City
- Red Oak
- Richardson
- Rockwall
- Rosser
- Rowlett
- Sachse
- Seagoville
- St. Paul
- Talty
- Terrell
- Travis Ranch
- University Park
- Waxahachie
- Wilmer
- Wylie
Neighborhoods in Dallas, TX
Bluffview foreclosed homes for sale M Streets foreclosed homes for sale Buckner Terrace Everglade Park foreclosed homes for sale Casa Linda-Casa View foreclosed homes for sale Cockrell Hill foreclosed homes for sale Coronado Hills - Gastonwood foreclosed homes for sale Forest Hills foreclosed homes for sale Greenway Park foreclosed homes for sale Downtown Dallas foreclosed homes for sale Mountain Creek foreclosed homes for salePopular Zip Codes in Dallas, TX
75313 foreclosed homes for sale 75315 foreclosed homes for sale 75360 foreclosed homes for sale 75371 foreclosed homes for sale 75372 foreclosed homes for sale 75238 foreclosed homes for sale 75088 foreclosed homes for sale 75210 foreclosed homes for sale 75202 foreclosed homes for sale 75203 foreclosed homes for saleBuying a Home in Dallas, TX
Discover and understand more about what you can expect for Dallas, TX in terms of weather, education levels, income levels and more to get a better feel for the city.
Population by Gender
| Male | 50% |
| Female | 50% |
Education Levels (over 25 years of age)
| Lack of Highschool Education | 78% |
| Highschool Diploma or GED | 22% |
| Some College | 13% |
| Bachelors Degree | 22% |
Populations by Race/Ethnicity
Median Home Price in Dallas, TX
Households by Income in Dallas, TX
Why You Should Purchase a Foreclosed Home In Dallas, Texas
Foreclosures still have a stigma as many people think of foreclosed homes as homes nearly on the brink of collapse. Foreclosed homes are an excellent investment for people looking to purchase a home slightly under market value. Still, in modern times, many foreclosed homes result from homeowners having to default on their loans due to job loss or other financial issues. As a result of the layoff during the quarantine, many homes in perfect condition were foreclosed due to the owners' economic hardships.
With a foreclosed home, you'll want to consider the fact that you may do an inspection, but there won't be any price reductions or other compensation for work that may need to be done to the property. Many buyers looking to purchase a home have found a foreclosed home to fit their needs and budget.
Highest-Rated School Districts in Dallas, TX
Dallas has some excellent schools. The top 3 rated school districts in Dallas, TX are:
- Carroll ISD
- Highland Park ISD (University Park)
- Lovejoy ISD
Dallas ISD's School of the Talented and Gifted is rated #1 among public high schools in the state of Texas.
Top Employers in Dallas
Dallas is a thriving metropolis full of small, medium, and Fortune 500 companies. It's not only a great place to start a career, it's also an excellent place to level-up your career. Here are the top 10 employers in Dallas, TX:
- AT&T
- Lockheed Martin
- American Airlines
- UT Southwestern Medical Center
- JPMorgan Chase & Co.
- Amazon
- Southwest Airlines
- Texas Instruments
- Baylor, Scott, & White
- Bank of America
You'll also find big names like IBM, Capital One, Citi, and PepsiCo.
Fun Facts About Dallas
Size of Dallas
Dallas is the 9th largest city in America and the 3rd largest in Texas.
What's the time zone for Dallas?
Dallas is in the Central Time Zone.
Does it snow in Dallas, TX?
Dallas does not get much snow, it has an average snow day of 1.3 days.
How much does it rain in Dallas?
If you're not a fan of rainy days, then Dallas may be the place for you. Only 81 out of 365 days a year may be rainy.
Major Sports Teams in Dallas
- ● Dallas Cowboys (NFL)
- ● Dallas Stars (NHL)
- ● Dallas Mavericks (NBA)
- ● FC Dallas (MLS)
- ● Texas Rangers (MLB)
- ● Nascar
- ● Indy Racing
Popular Attractions in Dallas
With cultural tours, museums, fine dining, parks, shopping, sporting events, and more, Dallas has plenty to offer residents and visitors alike.
The Sixth Floor Museum at Dealey Plaza sits at the infamous intersection of Houston St. and Elm Street, where President John F. Kennedy was assassinated. This museum gives visitors both historical and cultural context from the early 60s to the tense hours following the assassination. History buffs and film fans alike will enjoy this walk through history.
The Dallas Arboretum and Botanical Garden boasts fourteen world-famous displays of seasonal flowers, trees, plant collections, and ornamental shrubs. For horticulturists, lovers of nature, and everyone else, there's something beautiful to see and do all year.
The Perot Museum of Nature and Science is an architectural masterpiece and an eco- and family-friendly place to explore topics like gaming, energy, evolution, earth science, engineering, and more.
The Reunion Tower in Dallas may not be the tallest building in the skyline, but it is the most recognizable. Initially completed in 1978, this 560-foot tall tower is punctuated by a giant, geodesic ball that, thanks to renovations in 2011, provides a 360-degree revolving tour of the city.
The Bishop Arts District is the place for shopping, entertainment, and dining. Here you find everything from art galleries and boutiques to over sixty independently owned and operated local businesses.
Dallas also has award-winning zoos, aquariums, flight museums, and other culturally significant places for everyone to visit.
Dallas, TX Frequently Asked Questions
The foreclosure rate in Dallas is about 0.1%. It's slowly moving downward and is lower than other big cities in Texas which have a foreclosure rate of around 3.7%.
Yes, Dallas is also a county. It's the second most populated county in the US. The city of Dallas is included in the Dallas-Fort Worth Arlington MSA which is composed of 12 counties: Collin, Dallas, Delta, Denton, Ellis, Hunt, Johnson, Kaufman, Parker, Rockwell, Tarrant, and Wise.
Yes. Dallas has a population of 1.4 million and Austin has a population of about 960,000.
The top five safe and affordable neighborhoods in Dallas, TX are listed as: the Bishop Arts District, Deep Ellum, Lake Highlands, Oak Lawn, and Preston Hollow.