ZIP Code · TX

ZIP 75231

Part of Dallas, TX
Pop. 38,370·Dallas County·534th most expensive ZIP in Texas
Median rent (all units)
$1,340/mo
Year-over-Year
+0.7%
Month-over-Month
-0.4%
vs US Median
-$592
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 75231 · $1,340
More affordable than 84% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,022
1 BR
$1,058
2 BR
$1,244
3 BR
$1,566
4 BR+
$1,994
Research median
$1,244/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 75231 is 2.6% below its high of $1,376 in July 2022, at $1,340 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 75231 changed +0.7% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 75231 rose 22.9% while median household income rose 40% ($41,806 to $58,540). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 75231 is 25% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($58,540) is $1,464 a month. That covers HUD's Fair Market Rent for up to a studio ($1,430); a 1-bedroom is $1,480.

Rank in Dallas

9th cheapest of 41 ZIP codes in Dallas.

Cheaper nearby

ZIP 75238, 2 miles away, rents for 11% less ($1,196/mo), about $1,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 75231. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$16,080/yr
At $1,340/mo median
Location
CityDallas
StateTX
CountyDallas County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.7% YoY, -0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 75231 (Dallas, TX) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 39.7% of residents hold a bachelor's degree or higher.

Population
38,370
Median income
$58,540
Median age
32.2
Renters
81.7%
Age distribution
24.5%
31.3%
24.8%
Under 1824.5%
18–3431.3%
35–5424.8%
55–648.8%
65+10.5%
Gender
55.5%
44.5%
Male55.5%
Female44.5%
Race & ethnicity
32.4%
25.8%
34.3%
White32.4%
Black25.8%
Hispanic34.3%
Asian7.6%
Education (25+)
16.8%
19.7%
23.8%
39.7%
No HS diploma16.8%
HS diploma19.7%
Some college23.8%
Bachelor's+39.7%
Housing tenure
18.3%
81.7%
Owner18.3%
Renter81.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 75231 in Dallas, TX has changed in 5 years

Rent
$1,117 → $1,340
up 20.0%
Income
$45,052 → $58,540
up 29.9%
Population
38,823 → 38,370
down 1.2%
Renter share
82.9% → 81.7%
-1.2 pts
Bachelor's+
34.7% → 39.7%
+5.0 pts
Median age
31.1 → 32.2
+1.1 yrs

Across the past five years, the going rent in ZIP 75231 in Dallas, TX has shifted from $1,117 to $1,340, up 20.0% since 2021. Median household income climbed from $45,052 to $58,540 between 2021 and 2024, a 29.9% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 75231 in Dallas, TX losing about 453 residents over the five-year window, down 1.2% on net. Bachelor's-degree-or-higher attainment moved from 34.7% to 39.7% across the same window. Taken together, the five-year picture in ZIP 75231 in Dallas, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 75231

Last updated: October 17, 2026

ZIP code 75231 covers Dallas, TX. The median rent here is $1,340/mo as of October 2026. A 1-bedroom rents for a median of $1,058/mo. A 2-bedroom rents for a median of $1,244/mo.

At 27% of local median household income ($58,540/yr), ZIP 75231 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 75231?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,340/mo in ZIP 75231. The local median household income is $58,540/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 75231?

Rent in ZIP 75231 has risen 0.7% over the past year as of September 2026. It sits 2.6% below its high of $1,376 in July 2022.

Has rent outpaced income in ZIP 75231?

No. From 2019 to 2024, rent in ZIP 75231 rose 22.9% while median household income rose 40%, from $41,806 to $58,540. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 75231 compare to other ZIPs in Texas?

ZIP 75231 is one of the more affordable among Texas ZIP codes for rent, ranking #534 of 693 at $1,340/mo. Over the year to September 2026, rent in ZIP 75231 changed +0.7%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.

How does ZIP 75231 compare to the rest of Dallas?

At $1,340/mo, ZIP 75231 is $264 below the Dallas citywide median of $1,604/mo. It is the 9th cheapest of 41 ZIP codes in Dallas.
Income Affordability
27%
AFFORDABLE

At $1,340/mo, rent takes ~27% of ZIP 75231's median household income ($58,540/yr). The standard benchmark is 30%.

ZIP 75231 27%Benchmark 30%
State income taxNone
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