What is the rental yield in Wheatley Place Historic District, Dallas, Texas?

The gross yield in Wheatley Place Historic District, Dallas, Texas is 6.5%. Pricing is about 36% below Dallas and about 4% above Texas, while prices are down 8.1% over the past year. The neighborhood also has walkability of 62, education in the 16th percentile, and a Red Flag score of 56.

How has Wheatley Place Historic District in Dallas, Texas performed over the past year?

Prices in Wheatley Place Historic District, Dallas, Texas are down 8.1% over the past year. Even so, pricing is about 36% below Dallas and about 4% above Texas, and gross yield is 6.5%. The neighborhood has walkability of 62, education in the 16th percentile, and a Red Flag score of 56.

How does Wheatley Place Historic District compare with Dallas and Texas?

Wheatley Place Historic District in Dallas, Texas is about 36% below Dallas and about 4% above Texas on price. Gross yield is 6.5%, prices are down 8.1% over the past year, walkability is 62, education is in the 16th percentile, and the Red Flag score is 56.

Neighborhood

Wheatley Place Historic District

Dallas, Texas US

Wheatley Place Historic District in Dallas, Texas is a higher-yield investment profile with pricing about 36% below Dallas and about 4% above Texas, a gross yield of 6.5%, and prices down 8.1% over the past year. The neighborhood has walkability of 62, education in the 16th percentile, and a Red Flag score of 56. The main strength is the yield level; the main risk is the sharp price decline over the past year.

AI Summary•Updated May 2026

Area

8.12 mi²

ZIP Code

75215

County

Dallas County

State

Texas

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$284,915

YoY-8.1%

Gross Rental Yield

6.5%

Listed rent · ZORI annualized

Red Flag Index

Moderate

56 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

16 / 100

Limited · better than 16% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Wheatley Place Historic District Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Wheatley Place Historic District, Dallas.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$284,915	-8.1%
Price / Sq Ft (Verified)	$176/sqft	-7.2%
Asking Rent (Median)	$1,548/mo	+1.3%
Gross Rental Yield	6.5%	—
Liquidity Score	24 / 100	Low
Homes Sold (Period)	55	-8.3%

Is Wheatley Place Historic District Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Texas crime context.

Red Flag Breakdown

56 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Heat100Very High

Hail100Very High

Tornado80Very High

Flood60High

Wildfire40Moderate

Hurricane40Moderate

Earthquake40Moderate

Strong Wind40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Texas averaged 24.3 crimes and 3.9 violent per 1,000 residents (-6.2% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 6.5%

Active transaction volume — 55 homes sold last period

Heat risk is Very High (100/100)

Hail risk is Very High (100/100)

Insights are generated from Wheatley Place Historic District's live DistrictScore metrics.

Wheatley Place Historic District Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Texas-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

7.6 µg/m³ Meets EPA, above WHO guideline+26.6% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Wheatley Place Historic District centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 92% of U.S. neighborhoods.

Texas Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	24.3	3.9	-6.2%
2023	26.4	4.1	-1.7%
2022	27.4	4.4	+6.3%
2021	26.3	4.5	-1.8%
2020	26.9	4.5	-3.6%
2019	28.3	4.2	—

Reported at the state level — the finest official US crime aggregation; Wheatley Place Historic District inherits the Texas figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Wheatley Place Historic District

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)4.5 kmModerate

Industrial odor15 nearbyVery High

Aviation noise47 dBVery Low

Point-source screening near Wheatley Place Historic District: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Wheatley Place Historic District

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

62

Somewhat Walkable

Walkability Score

12

Grocery

8

Dining

10

Schools

1

Universities

1

Hospitals

1

Pharmacies

14

Parks

6

Rail Transit

0

Coworking

POI counts are amenities within Wheatley Place Historic District's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Wheatley Place Historic District vs Dallas vs Texas

How Wheatley Place Historic District benchmarks against its city and state medians.

Benchmark vs City & State

In Wheatley Place Historic District, the median sale price sits about 36% below the median for Dallas neighborhoods and about 4% above the statewide median. Gross rental yield is 6.5%, against 3.5% for Dallas neighborhoods and 5.4% statewide. Over the past 12 months, prices fell 8.1%. Transaction liquidity sits below the median for Dallas neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Wheatley Place Historic District	$175/sqft	6.5%	24
Dallas	$276/sqft	3.5%	29
Texas	$169/sqft	5.4%	39

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Buying Property in the US as a Foreigner

Federal & Texas tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.25% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No state capital gains tax.

Transfer Tax

Real estate transfer tax: none statewide (local tax may apply).

Assessment Cap

Homestead assessed value capped at +10%/yr (20% for some non-homestead property, through 2026).

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents8

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Homestead Exemption

Homestead: unlimited protection from most creditors (acreage-limited) and a large school-tax exemption.

Senior & Veteran Exemptions

Full property-tax exemption for 100%-disabled veterans; a school-tax freeze for seniors aged 65+.

Foreign buyers (non-residents)6

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Foreign Ownership Restrictions

SB 17 (Sept 2025) bars buyers tied to China, Russia, Iran, or North Korea from acquiring any real property. Verify first.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Texas property-tax guidance for foreign buyers

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

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Altus Group • Jun 18, 2026

Wheatley Place Historic District Real Estate FAQ

Wheatley Place Historic District in Dallas, Texas shows a yield-focused profile in the numbers provided. Pricing is about 36% below Dallas and about 4% above Texas, gross yield is 6.5%, and prices are down 8.1% over the past year. Walkability is 62, education is in the 16th percentile, and the Red Flag score is 56.

Neighborhoods near Wheatley Place Historic District

Compare Wheatley Place Historic District with nearby neighborhoods in Dallas.

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