Four zones in Dallas-Fort Worth shift from homeowner to renter majority

Four ZIP codes in Dallas-Fort Worth have shifted from homeownership to a renter majority in the last decade, according to a new study.

More than 43.7 million U.S. households lived in rentals in 2021 — the highest number in the last 55 years, according to a new report from RentCafé.

Southwest Dallas' 75233 ZIP code in Oak Cliff was the No. 10 area on RentCafé’s list of 101 zones nationwide to transition from homeownership. The number of renters in 75233 increased by 59.8% this past decade, going from 5,481 to 8,758. 

Part of the reason is the rapidly rising home prices in the area. The median single-family home value in the 75233 ZIP code rose 52% in the past three years alone, from $215,790 to $328,048, according to a separate analysis by the Dallas Business Journal

The analysis showed soaring home price appreciation in the past decade throughout much of Oak Cliff, just across the Trinity River and southwest of downtown Dallas.

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