Saturday, November 11, 2006

Housing Report for Dallas-Fort Worth-Arlington

In Dallas-Fort Worth-Arlington, there were a total of 2,254,642 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding a sum of 200,297 housing units since the year 2001, or 9.7 percent.

The residential housing values in Dallas-Fort Worth-Arlington, Texas have seen large increases since their reported values in 2000. The values have increased by $33,900, or 33.9 percent, since 2000 when their medians were valued at $100,000.

Throughout the State of Texas, Dallas-Fort Worth-Arlington is positioned 6 of the 25 metro areas by percent in growth of new residential structures. The metropolitan area places 65 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Dallas-Fort Worth-Arlington had an owner-occupied dwelling median in 2005 of $133,900, accounted by the American Community Survey. This value is greater than the Texas 2005 home value of $106,000 and less than median owner-occupied dwelling value of $167,500 across the nation during that year.

It can be understood that there is a fair amount affordable residential real estate in Dallas-Fort Worth-Arlington, Texas. In 2005, 45.3 percent of the homes were valued under $125,000.

Dallas-Fort Worth-Arlington is made up of a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey accounted that 3.4 percent of the houses were valued over a half a million dollars.

Data Source: U.S. Census Bureau

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