Lake Dallas, TX
Population 7,761 · Texas
About Lake Dallas, TX
Lake Dallas is a small town located in Texas with a population of 7,761 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,241 per year, which is 1% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Dallas features a median home value of $245,100, which is 0% above the national median of $244,900. This positions Lake Dallas in a moderately priced market relative to the rest of the country. Median monthly rent is $1,507, 30% above the national average of $1,163/month. Of the 3,147 total housing units, 71% are owner-occupied (2,101 units) and 29% are renter-occupied (845 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Dallas shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Dallas have an average one-way commute time of 27.9 minutes.
Education & Demographics
30.3% of Lake Dallas residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 35.0% White, 3.3% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 25.4% of the population being foreign-born.
Cost of Living in Lake Dallas, TX
Compared to national averages, Lake Dallas has a median household income of $74,241 (1% below the national median of $75,149). Home values average $245,100, which is 0% above the national median. Monthly rent at $1,507 is 30% above the US average of $1,163. Within Texas, Lake Dallas's income is 2% above the state average of $72,726, and home values are 16% above the state median of $211,769.
Why Live in Lake Dallas, TX?
Lake Dallas offers a strong job market with an unemployment rate of just 2.8%, and a low poverty rate of 2.4%, better than the national average.
Potential considerations include median household income ($74,241) that falls below the national average. However, Lake Dallas’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Dallas has a population of 7,761 with a median age of 40.1 years. Compare Lake Dallas with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lake Dallas
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jersey Village | 7,817 | $93,983 | $326,700 | Compare |
| Homestead Meadows South | 7,687 | $60,571 | $135,100 | Compare |
| Floresville | 7,679 | $59,618 | $247,200 | Compare |
| Dalhart | 7,885 | $76,250 | $155,300 | Compare |
| West Livingston | 7,888 | $57,600 | $111,400 | Compare |
| Monahans | 7,536 | $70,820 | $159,000 | Compare |
| River Oaks | 7,516 | $65,582 | $202,800 | Compare |
| Kaufman | 8,010 | $58,269 | $195,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Dallas With Other Cities
Frequently Asked Questions about Lake Dallas
What is the population of Lake Dallas, TX?
The population of Lake Dallas, TX is 7,761 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Lake Dallas?
The median household income in Lake Dallas, TX is $74,241 per year, which is 1% below the national median of $75,149.
What is the median home value in Lake Dallas?
The median home value in Lake Dallas, TX is $245,100, which is 0% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Dallas?
The median monthly rent in Lake Dallas, TX is $1,507, which is 30% above the national average of $1,163/month.
What is the unemployment rate in Lake Dallas?
The unemployment rate in Lake Dallas, TX is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Dallas, TX a good place to live?
Lake Dallas offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 7,761 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Lake Dallas, TX?
30.3% of residents in Lake Dallas aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Dallas?
Key cost-of-living indicators for Lake Dallas, TX: median home value is $245,100 (0% above national), median rent is $1,507/month, and median household income is $74,241. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Dallas?
The poverty rate in Lake Dallas, TX is 2.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Dallas, TX?
Lake Dallas's population is 35.0% White, 3.3% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 7.6% two or more races. 25.4% of residents are foreign-born.