Dallas, TX housing market report

1-year price change

-1.3%

FHFA HPI

5-year price change

+32.7%

FHFA HPI

Median home value

$359,500

Census ACS

Median household income

$90,275

Census ACS

Median gross rent

$1,614/mo

Census ACS

Owner-occupied households

60.1%

Census ACS

Metro population

7,985,590

Census ACS

30-yr mortgage rate (national)

6.43%

Freddie Mac / FRED

Q2 2021 Q1 2026

Home prices in Dallas are down 1.3% over the past year and up 32.7% over the past five years, per the FHFA House Price Index through Q1 2026. The metro's median home value is $359,500 against a median household income of $90,275 (Census ACS 2020-2024). 60.1% of households own their homes, and the median gross rent is $1,614 per month.

If you're buying in Dallas

• FHFA's price index for the metro is down 1.3% year over year, so recent sale prices have on average come in below year-ago levels.
• At the current national average 30-year rate of 6.43%, buying at the metro's median value ($359,500) with 20% down works out to roughly $1,805 per month in principal and interest, before taxes and insurance.
• The median home value here is about 4.0x the median household income.

If you're selling in Dallas

• Prices are down 1.3% from a year ago but still up 32.7% over five years, so owners who bought several years ago have generally seen values rise while more recent buyers may not have.
• The metro's median gross rent is $1,614 per month - one reference point if you are weighing a sale against renting the home out.
• 60.1% of households in the metro own their homes.