With a little over a million residents, Dallas ranks as the second-most populated city in the state of Texas, which is the second-largest state, by area, in the United States. Dallas has a lot of interesting real estate options to offer, ranging from ranches to gated communities. Though ranches that go with the usual Texas image are still available in the Dallas county area, the city has a lot of impressive houses, apartments, and commercial property for any prospective resident.

Six districts make up the city of Dallas, which comes under the Dallas-Plano-Irving metropolitan division of the Dallas-Forth Worth-Arlington greater metropolitan area. The prominent suburbs of Dallas are Allen, Flower Mound, Colleyville, Frisco, Keller, McKinney, Plano, Southlake, and Irving, to name a few. These areas offer gated communities, golf course communities, lakefront homes, homes with acreage, horse properties, retirement communities, and commercial property. Within Dallas, the popular areas are Oak Hill, North Dallas, Casa Linda, Knox/Henderson, and downtown Dallas.

As per the U.S. Census Bureau data for 2005, the average home price in the city of Dallas is $179,920, which is only marginally higher than the national average of $173,585. However, the Dallas county area, which includes the suburbs, has a much lower average, at $125,922. The median rental price in Dallas is $328, which is considerably lower than the national median of $471. There is almost an equal share of owner-occupied and rental units in Dallas, with the former accounting for 42%, the latter 52%, and approximately 6% remaining vacant. This looks quite different from the national picture, where owner occupied, at 60%, is twice that of rental units.

Dallas area real estate comes with easy access to the Dallas-Fort Worth International Airport, which is the world's second-busiest airport. There are many schools and universities, like the University of Texas at Dallas, University of Dallas, and Southern Methodist University. These important aspects of this area have helped create a very vibrant real estate market in Dallas.