Community Development Profile

Where the data comes from

What the profile measures

    What the community can do

      What goes into every profile

      40
      data sources, federal and private
      219
      figures, each rated against conditions across the country
      7
      sections, from population to federal funding
      33
      possible interventions, weighed against the community’s own data

      Where the data comes from

      Housing and Urban Development
      15
      Other federal agencies
      11
      Census Bureau
      9
      Non-federal
      3
      Mapping
      2

      Including HUD rental assistance and homelessness counts, the American Community Survey, IRS migration, BLS wages and unemployment, home lending, and SBA small-business loans.

      Dallas, Texas

      Dallas, Texas

      Community Development Profile

      Dallas is one of the country's largest cities, home to about 1.31 million people, and its economy is broad and steady. Jobs are spread across many industries, and small businesses are opening at a good rate. Homelessness has come down.

      The pressure is cost. Since 2020 the typical rent has risen about 32.5% and the typical home value about 53.7%, while the typical household's income rose about 28.8%. More than half of the city's renters now spend too much of their income on housing.

      The city and its partners put real money toward these problems, and the work on homelessness is paying off. But affordable housing is not gaining ground.

      45321
      Federal incentives per tract: 1–2 3–4 5+
      Where federal investment incentives concentrate →

      In this profile

      SECTION 1Community context

      Total Population
      1,307,930
      CONTEXT

      SECTION 2Jobs and the economy

      Unemployment Rate
      4.9%
      SATISFACTORYSTEADY

      SECTION 3Market-rate housing supply

      Total Housing Units
      590,237
      CONTEXT

      SECTION 4Affordable and subsidized housing

      People Served by Federal Rental Assistance
      52,905
      CONTEXT

      SECTION 5Housing demand

      Renter Cost Burden
      51.7%
      CAUTIONWORSENING

      SECTION 6The Affordability Gap

      Income Needed to Afford Median Rent
      $58,880
      CAUTIONWORSENING

      SECTION 7Federal funding and program performance

      HUD Formula Grant Awards
      $29,760,979
      CONTEXT

      COMPAREHow Dallas compares to cities like it

      Ranked against 9 similar communities on the measures where Dallas stands out most
      Dallas, Texas Front page › The Affordability Gap
      SECTION 6The Affordability Gap

      To afford the typical rent in Dallas, a household needs to earn about $58,880 a year, and many of the county's service workers earn less.

      Countywide, a full-time food service worker comes up about $647 short of the median rent each month. A retail worker is about $222 short, and a care or social-assistance worker about $426 short.

      Income Needed to Afford Median Rent
      $58,880
      CAUTIONWORSENING
      2020–2024 ACS
      ✓ Dallas city, Texas data
      Food Service Gap
      $647
      AT-RISKWORSENING
      BLS QCEW 2024 + 2020–2024 ACS
      Dallas County, Texas data
      Dallas, Texas Front page › The Affordability Gap
      SECTION 6The Affordability Gap
      Income Needed to Afford Median Rent
      $58,880 CAUTIONWORSENING
      About this figure

      The minimum household income needed to afford the local median gross rent under the standard 30%-of-income rule. Computed as median gross rent × 12 ÷ 0.30.

      Trend
      $58,880 $43,840 20202021202220232024
      — Local- - National▲ $44,440 → $58,880 (up 32.5% over 5 years)
      By five-year period
      PeriodIncome neededMedian rent% of median incomeNational
      2016–2020$44,440$1,11181.2%$43,840
      2017–2021$47,120$1,17880.9%$46,520
      2018–2022$52,200$1,30581.6%$50,720
      2019–2023$56,120$1,40382.8%$53,920
      2020–2024$58,880$1,47283.5%$56,520
      Dallas, Texas Front page › How Dallas compares
      How Dallas compares to cities like it

      Where Dallas ranks highest or lowest among cities of about the same size and metro role.

      HighestMedian Home Sale Price LowestAbandoned / Blighted Vacant HighestCommunity Income Trend LowestJobs Filled by Local Residents

      More ways to compare

      Median Household IncomeRenter Cost BurdenPoverty Rate

      How similar communities are chosen

      1. Same role in its region: central city, suburb, or outside a metro area
      2. Population of similar size (counts most)
      3. Income compared with the rest of its state
      4. Poverty rate
      5. Share of homes that are owned
      6. Median home value
      7. Share of renters paying too much for housing
      Median Home Sale Price
      The median price at which homes actually sold during the year. Ranked among the 9 cities most like Dallas.

      Where to focus

      RENTAL

      Preservation of Affordable Rental Housing + Local Support SUPPLY-SIDE

      More than 15% of Dallas's existing affordable rental housing was built before 2000, so the affordability restrictions on these units are approaching expiration. The community is also losing affordable units faster than it is building new ones, and preserving what is already here is usually cheaper than replacing it.

      Dallas should make preservation a top priority: identify properties whose restrictions expire in the next 5-10 years, offer owners incentives to extend affordability for another 30 years, and partner with mission-driven owners to acquire properties whose owners want out.

      Questions to consider

      • Are there Naturally Occurring Affordable Housing (NOAH) properties in Dallas that might be suitable for tax-credit-funded acquisition and rehabilitation?
      • Have any affordable properties in the area recently converted to market-rate?
      • What state and local preservation tools are available (right of first refusal, housing trust fund, tax-exempt bond financing)?

      Where to focus

      Lower priorities right now

      Housing Choice Vouchers (HCV). The market can absorb more vouchers, but severe cost burden isn't currently at concerning levels, so standard voucher operations are enough for now. Revisit if severe cost burden rises.

      Permanent Supportive Housing with Rental Subsidies. Chronic homelessness isn't currently at concerning levels here, so there isn't a group large enough to fill new deep-subsidy units. Revisit if the chronic count climbs.

      Repair and Recapitalization of Failing Subsidized Housing. The area's federally subsidized and public housing is generally passing physical inspections. Keep monitoring; if failing scores rise, this becomes a higher priority.

      Rock Advisory Partners

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