In Dallas, a typical home is worth $389,100 and typical rent is $1,209 a month. Compared with all of Polk County, typical household income is 16% lower and the typical home value is 14% lower.
Typical home value from Zillow, September 2021 to September 2026: from $410,362 to $473,440.
Typical rent
$1,498a month
▲ 0.6% more than 12 months ago
Typical rent from Zillow, June 2025 to September 2026: from $1,458 to $1,498.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Dallas is in Polk County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Polk County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Sheridan, the typical home value is $328,800: 15% less than in Dallas ($389,100).
2
The typical household income in Dallas is $71,549,16% less than in Polk County as a whole ($85,118).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Dallas
What homes there are in Dallas, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Dallas
Polk County
Oregon
United States
Kind of home: Dallas and its comparisons
Measure
Dallas
Polk County
Oregon
United States
Detached house
66%
67%
63%
61%
Attached house
Unreliable estimate
3%
5%
6%
Building of 2 to 4
10%
9%
7%
8%
Apartments (5 or more)
14%
15%
18%
19%
Mobile home
6%
6%
7%
6%
Boat, RV and other
Unreliable estimate
1%
0%
0%
In Dallas, 7 in 10 homes are single-family detached houses, about the same as in Polk County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Dallas
Polk County
Oregon
United States
Year built: Dallas and its comparisons
Measure
Dallas
Polk County
Oregon
United States
Before 1960
18%
16%
23%
26%
1960–1979
21%
26%
26%
24%
1980–1999
31%
25%
25%
25%
2000–2009
16%
20%
14%
14%
2010 or later
13%
14%
12%
11%
In Dallas, half of the homes were built before 1990; in Polk County, before 1990.
Much as in Polk County, 66% of homes in Dallas have 3 bedrooms or more.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K7%
$100K–$200K5%
$200K–$300K11%
$300K–$500K58%
$500K–$750K18%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Dallas and its comparisons
Measure
Dallas
Under $100K
7%
$100K–$200K
5%
$200K–$300K
11%
$300K–$500K
58%
$500K–$750K
18%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA loan limit for Polk County is $541,287, and about 83% of owner-occupied homes in Dallas are worth less than that.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50013%
$500–$99916%
$1,000–$1,49949%
$1,500–$1,99917%
HUD fair market rent, 2 bedrooms: $1,692
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Dallas and its comparisons
Measure
Dallas
Under $500
13%
$500–$999
16%
$1,000–$1,499
49%
$1,500–$1,999
17%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Polk County is $1,692; about 84% of rents in Dallas are below it.
With a mortgage
$1,916 a month
Polk County: $2,095 a month
Without a mortgage
$619 a month
Polk County: $633 a month
Owners with a mortgage
65%
Polk County: 65%
The typical cost for an owner with a mortgage in Dallas is $1,916 a month, less than in Polk County ($2,095); without one, $619.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Dallas+75%
Polk County+72%
Oregon+53%
United States+53%
Typical rent
Dallas+39%
Polk County+31%
Oregon+37%
United States+33%
Typical household income
Dallas+27%
Polk County+36%
Oregon+32%
United States+29%
Change since 2015–2019: Dallas and its comparisons
Measure
Dallas
Polk County
Oregon
United States
Typical home value
+75%
+72%
+53%
+53%
Typical rent
+39%
+31%
+37%
+33%
Typical household income
+27%
+36%
+32%
+29%
Since 2015–2019, homes in Dallas gained value faster than in Polk County: 75% against 72%.
Since 2015–2019, the typical rent in Dallas rose 39%, more than in Polk County (31%).
Housing prices ran ahead of income in Dallas: typical income rose 27%, against +75% for home values and +39% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Dallas and its comparisons
Measure
Dallas
Polk County
Oregon
United States
Rental vacancy
Unreliable estimate
4.5%
4.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.7%
0.9%
More than one person per room
Unreliable estimate
3.3%
3.2%
3.4%
People per household
2.53
2.65
2.42
2.53
Drive alone
69%
67%
65%
69%
Carpool
14%
10%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
5%
4%
5%
3%
Work from home
11%
18%
19%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Polk County, a household in Dallas has 2.53 people on average.
More people carpool to work in Dallas than in Polk County: 14% against 10%.
Do the math
What would you pay each month for a home in Dallas?
A typical home costs more than the typical income allows
We start with a typical home in Dallas, worth $389,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 53% of the typical household income in Dallas, which is $71,549 a year. For that payment to be 28% of income, a household would need to earn about $135,667 a year.
The calculator's FHA and conventional loan limits are those of all of Polk County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Dallas. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,619 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,166
at 7.18% · 30 years
Loan amount
$382,052
Total interest
$549,683
Paid off in
November 2056
Includes $6,571 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,669 a month
Tight
$1,669 to $2,146 a month
Hard
more than $2,146 a month
Your payment · 53%
Compared with the typical household income in Dallas ($71,549 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,588
Property tax
$243
Home insurance
$162
FHA mortgage insurance (MIP)
$172
You need at least $13,619 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,166; principal and interest $2,588.
The city and its county
Dallas and Polk County
Dallas is in Polk County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Dallas
Map of Polk County, Oregon, with Dallas marked. Around it, the neighboring counties.
Dallas
Polk County
Other cities with a page
Dallas's own numbers
Typical home value
$389,100
Typical monthly rent
$1,209
Typical yearly household income
$71,549
Households that own their home
68%
Effective property tax rate
0.75%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Polk County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,692
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
2.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Polk County.
A typical home in Dallas is worth $389,100: 14% below the county and 19% below Oregon. With the typical household income in Dallas ($71,549 a year), a typical home costs 5.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Dallas5.4 years
Polk5.3 years
Oregon5.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Polk County
According to FHFA’s house price index, home prices in Polk County rose 113% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Polk County.
Yearly change in FHFA’s price index in Polk County, 2016 to 2025
2016: +8.7% +8.7% 2016
2017: +12.2% +12.2% 2017
2018: +8.9% +8.9% 2018
2019: +5.9% +5.9% 2019
2020: +5.4% +5.4% 2020
2021: +16.0% +16.0% 2021
2022: +14.8% +14.8% 2022
2023: +2.1% +2.1% 2023
2024: +2.8% +2.8% 2024
2025: +2.8% +2.8% 2025
Change in FHFA’s price index in Polk County, Oregon and the United States
Period
County
Oregon
U.S.
Last year (2025)
+2.8%
+0.9%
+2.9%
5 years (2020–2025)
+44%
+35%
+47%
10 years (2015–2025)
+113%
+86%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Dallas next to Polk County, Oregon and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Dallas$389,100
Polk$454,700
Oregon$477,600
United States$332,700
Typical monthly rent
Dallas$1,209
Polk$1,299
Oregon$1,525
United States$1,413
Typical yearly household income
Dallas$71,549
Polk$85,118
Oregon$83,011
United States$80,734
See the full table
Dallas next to Polk County and Oregon
Measure
Dallas
Polk County
Oregon
U.S.
Typical home value
$389,100 ▼14% below the county
$454,700
$477,600
$332,700
Typical monthly rent
$1,209 ▼7% below the county
$1,299
$1,525
$1,413
Typical yearly household income
$71,549 ▼16% below the county
$85,118
$83,011
$80,734
Households that own their home
68% ▲3 points above the county
65%
63%
65%
Typical yearly property tax
$2,935 ▼19% below the county
$3,634
$3,876
$3,119
Effective property tax rate
0.75% ▼0.05 points below the county
0.8%
0.81%
0.94%
Renters with high rent for their income
59% ▲7 points above the county
52%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Polk County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Dallas
For a typical $389,100 home in Dallas, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Dallas's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,166a month
Least cash to close
Down payment
$13,619
Cash to close
$25,292
Rate
7.18%
Mortgage insurance
FHA MIP · $172
Conventional, 5% down$3,094a month
Down payment
$19,455
Cash to close
$31,128
Rate
7.18%
Mortgage insurance
PMI · $185
Conventional, 20% down, no PMI$2,514a month
Down payment
$77,820
Cash to close
$89,493
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,874a month
Down payment
$58,365
Cash to close
$70,038
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Dallas
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,166
$13,619
$382,052
7.18%
FHA MIP · $172
$25,292
580
Conventional, 5% down
$3,094
$19,455
$369,645
7.18%
PMI · $185
$31,128
620*
Conventional, 20% down, no PMI
$2,514
$77,820
$311,280
7.18%
None
$89,493
620*
ITIN, 15% down (example)
$2,874
$58,365
$330,735
8.18%
None
$70,038
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Dallas is $1,209 a month: 7% below the county. In Dallas, 59% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Polk County, by unit size. To pay the 2-bedroom one ($1,692 a month) without spending more than 30% of your income, you would need to earn $32.54 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Polk County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,285
$24.71
$51,400
1 bedroom
$1,294
$24.88
$51,760
2 bedrooms
$1,692
$32.54
$67,680
3 bedrooms
$2,341
$45.02
$93,640
4 bedrooms
$2,564
$49.31
$102,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Dallas
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Dallas is in ZIP code 97338.
For 2 bedrooms it is $1,560: $132 less than the fair market rent for Polk County ($1,692).
Fair market rent by ZIP code and size in Dallas, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
97338
$1,180
$1,190
$1,560
$2,160
$2,360
ZIP code2 bd3 bd
97338 $1,560$2,160
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Dallas when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 3 buildings with rents for lower incomes in Dallas. These are the largest.
Dallas/Independence AMP345 SW Donald St, Dallas 9733891 homes, 89 low-income · Run by Housing and Urban Renewal Agency of Polk County · Average payment: $590 a month · Average wait: 38 months · Homes at several sites(503) 623-8387
Woodbridge Meadows288 SE Dimick St, Dallas 9733840 low-income homes · 2 bd: 19 · 3 bd: 21 · In service since 2002 · For families
Rickreall Creek Townhomes277 SW Walnut Ave, Dallas 9733836 low-income homes · 2 bd: 16 · 3 bd: 20 · In service since 2007 · For families
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Polk County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Dallas or Polk County. The ones below are statewide in Oregon: they work in Dallas the same as in the rest of the state.
Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median.Offered by Oregon Housing and Community Services (OHCS).
Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage.Offered by Oregon Housing and Community Services (OHCS).
Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable.Offered by Oregon Housing and Community Services (OHCS).
No legal help resource on our list is for Dallas or Polk County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Dallas and all of Polk County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Dallas?
The typical home value in Dallas is $389,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Polk County it is $454,700.
How much does it cost to rent in Dallas?
Typical rent in Dallas is $1,209 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Polk County is $1,692.
What is the FHA loan limit in Dallas?
Dallas uses the FHA limit for all of Polk County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Dallas?
The typical homeowner in Dallas pays $2,935 a year, according to the U.S. Census Bureau. That is 0.75% of the home’s value; in Polk County, the rate is 0.8%.
Where can I find free help to buy or rent in Dallas?
We found no HUD-approved counseling agencies with an office in Polk County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
