Dallas is a richly diverse American city: over the years it has become a melting pot of cultures, religions and lifestyles. This important convergence of uniqueness and differences is reflected throughout the sights and sounds of the city. Dallas' authentic arts, music, food, places of worship, historic landmarks and urban lifestyle all contribute to the city's makeup.
Dallas' population is 7.8M, with a total workforce of 3.8M. The labor market grew by 256,700 jobs over the past year, up by 6.8%. The median household income in Dallas is $74,424, 1.8% lower than last year and 10.2% above the national average of $67,521.
In the housing market, total permits issued totaled 67,530 over the last twelve months, up 10.7% year-over-year. Dallas has 854 active new home projects on the market, 15.7% fewer than the 1,013 from last year. The average list price in the market is $479,629, 16.9% higher than last year and 6.4% above the national average. Over the last three months, new home contracts decreased by 29.6% to 7,875. Forney and Aubrey had the highest concentration of the new home contracts in the Dallas market.