Dallas, Oregon.
Typical home $473,440 (+1.2% in a year), asking rent $1,498 (+0.6%). Salem, OR metro.
to buy the typical home at today's mortgage rate — +$1,305 (+111%) since Jan 2020.
- 1 year
- Up $5,805 +1%
- $467,636$473,440 since Sep 2025
- 5 years
- Up $63,078 +15%
- $410,362$473,440 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Dallas$2,485
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Dallas, OR rose 1.2% over the past year — in step with the nation.
Asking rents in Dallas, OR rose 0.6% over the past year — slower than the nation's +2.7%.
Owning the typical home in Dallas runs $1,809/mo more than renting one — the widest that gap has been in this data.
That is $3,307 a month against $1,498 rent: a $2,485 mortgage payment, plus $315 property tax and $507 insurance & upkeep.
Owning vs renting — Dallas
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,307
- Renting$1,498
- Mortgage only$2,485
Property tax · $315/mo 0.80% of value a year — the ACS 2020-2024 median bill over the median home value for Polk County, OR
Insurance & upkeep · $507/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Dallas, Polk County, Oregon
Dallas is a city of 16,854 people in Polk County. Half its households earn more than $71,549 a year and half less, against $85,118 across Polk County; 16% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Polk County was 5.0% in August 2026, and the county had 3.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Dallas is a small city and the seat of Polk County, Oregon. Residents are around middle age on average, and most homes are lived in by their owners. Household incomes run below the county's, and typical home values and rents are on the higher side.
Work. Many residents work in schools, hospitals and social care, with others in shops, the building trades and manufacturing. Some of the largest workplaces in Dallas are the Dallas school district, Salem Health West Valley and Safeway. Commutes are of moderate length, and some people work from home.
Things to do. Baskett Slough National Wildlife Refuge, a protected area, and the Little Luckiamute River are both a short drive away. For a longer outing, the Hallie Ford Museum of Art and the Evergreen Aviation & Space Museum are each a longer drive away. Winters are cool and wet, and summers are warm.
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- 6,768households
- 23%of adults have a degree
- 16%below the poverty line
- 27 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Polk County had 21,174 jobs in 2025, 3.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 46° and lows near 35°; warmest in August, with highs near 83° and lows near 52°. About 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Dallas Northeast weather station, 2 miles away (NOAA).
Largest workplaces in Dallas
- Dallas SD 2School district418FTE
- Salem Health West ValleyCritical access hospital247FTE
- SafewaySupermarkets and other grocery stores194
- Oakdale Heights Elementary SchoolElementary and secondary schools51
- Whitworth Elementary SchoolElementary and secondary schools48
- Lyle Elementary SchoolElementary and secondary schools47
- Cascade Living Group- OregonAssisted-living facilities without on-site nursing care facilities46
- Mid Columbia Bus CoSchool bus transportation45
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 17 workplaces with 20 or more staff, 801 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesRelatively high
- Heat wavesRelatively high
- Inland floodingRelatively high
- Ice stormsRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Dallas’ census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Polk County and the Salem, OR metro.
Dallas home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Dallas$473,440
- Oregon$492,753
- United States$366,157
Sellers are cutting prices on about 1 in 3 Dallas listings, and the typical home goes pending in 31 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Dallas31.14%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Dallas31
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Dallas122
New listings per month
Sellers arriving at the market.
- Dallas33
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Dallas address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Dallas — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.