Markets › Dallas, TX
Multifamily Property Values in Dallas, TX
Automated market snapshot from recent comparable sales · Jul 2024 – Jun 2026. Updated 2026-07-14.
Dallas, TX multifamily market
The Dallas multifamily market is working through an elevated supply cycle but is approaching equilibrium heading into late 2026. Transaction volume rose 3% in 2025 to over $4.3 billion, with the average price per unit recovering to roughly $168,000-$190,000 after bottoming near $124,000 in mid-2024. Cap rates have stabilized around 5.2%-5.7% for stabilized assets, and the construction pipeline is contracting sharply, which should support modest rent and occupancy gains by year-end 2026. Buyers are focused on well-located, newer suburban assets, while value-add and distressed deals are also clearing at significant discounts.
What's driving Multifamily prices in Dallas
Dallas multifamily sale prices per unit recovered from a mid-2024 trough of ~$124,000 to ~$168,000-$190,000 by Q4 2025 and Q1 2026, representing a roughly 35-50% rebound over the 24-month window, though distressed sales continue to clear at steep discounts to stabilized market pricing.
- Pipeline contraction: DFW units under construction fell to a decade-low ~30,000 in Q3 2025, tightening future supply
- Elevated vacancy at 12% citywide pressuring rents downward and pushing buyer cap rate requirements higher for older assets
- Distressed deal flow: foreclosure auction sales clearing at $57,000-$82,000 per unit, dragging down blended market averages
- Shift in transaction mix toward mid-rise and high-rise newer assets (35% of Q1 2026 deals vs. 18% a year prior), supporting price-per-unit appreciation for Class A product
Recent Multifamily comps in Dallas, TX
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 9312 Beck Avenue, Dallas, TX 75218 news | Feb 2026 | Sale | $8,500,000 | ||
| 9600 Coit Road, Frisco, TX 75035 news | Dec 2025 | Sale | 387000 | ~$77,000,000 | ~$199 |
| Dallas, TX (DFW Metro - Q4 2025 Market Average) news | Q4 2025 | Sale | $190,000/unit avg | ~$175 | |
| Dallas, TX (DFW Metro - Q1 2026 Market Average) news | Mar 2026 | Sale | $175,300/unit avg | ~$155 | |
| 1415 Bennett Avenue, Dallas, TX 75206 listing | Jun 2026 | Sale | |||
| East Dallas, Dallas, TX (Live Oak Manor area) listing | Jun 2026 | Sale | |||
| Dallas, TX (DFW Metro - Mid-2024 Trough) news | Jul 2024 | Sale | $123,965/unit avg | ~$110 |
Frequently asked questions
What is the average price per square foot for multifamily space in Dallas, TX?
Recent sale comps put the median around $165/SF, with a typical range of $144–$181/SF across 4 recent sales (Jul 2024 – Jun 2026).
What cap rates are multifamily properties trading at in Dallas?
Recent market data suggests roughly 5.2%–6.25% for stabilized multifamily deals in the Dallas area.
How are these numbers calculated?
They are automated estimates built from recent comparable sales found in public listings, property records, and brokerage announcements. They are not an appraisal or a broker opinion of value.
How do I find out what my Dallas multifamily property is worth?
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Dallas, TX, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.