Housing market report · Texas

Dallas, TX housing market report

Updated 2026-08-03

Median home value: $359,500
Median household income: $90,275
Median gross rent: $1,614/mo
Owner-occupied households: 60.1%
Metro population: 7,985,590
30-yr mortgage rate (national): 6.66%

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.

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If you're buying in Dallas

At the current national average 30-year rate of 6.66%, buying at the metro's median value ($359,500) with 20% down works out to roughly $1,848 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

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.

Own a home in Dallas?

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