Home Values in Dallas, Texas — 2026 Market Report
Updated March 2026 | Balanced Market | +6.3% YoY
The median home value in Dallas, Texas is $315,000 as of March 2026, which is below the national median of $400,000. Home values in Dallas have increased by 6.3% over the past year and 35.7% over the last five years. With a population of 1,304,379 and a median household income of $54,747, the price-to-income ratio stands at 5.8x, making Dallas affordable for the average household.
Dallas Housing Market Conditions
| Metric | Dallas | National Avg |
|---|---|---|
| Median Home Value | $315,000 | $400,000 |
| YoY Appreciation | +6.3% | +3.8% |
| 5-Year Appreciation | +35.7% | +22.4% |
| Price per Sq Ft | $128 | $222 |
| Days on Market | 47 days | 45 days |
| Months of Supply | 3.6 | 3.5 |
| List-to-Sale Ratio | 96.4% | 98.5% |
| Monthly Homes Sold | 811 | — |
| Foreclosure Rate | 0.47% | 0.3% |
Home Value Trends in Dallas
A homeowner who purchased at the median price of $232,130 five years ago in Dallas would have gained approximately $82,870 in equity, representing a 35.7% return on investment. Over the past year alone, the typical homeowner gained $18,669 in home equity.
Affordability in Dallas, TX
With a median household income of $54,747 and a median home price of $315,000, the price-to-income ratio in Dallas is 5.8x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,345 compared to estimated monthly ownership costs of $1,969 gives a rent-vs-buy ratio of 0.84. In Dallas, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Dallas
The effective property tax rate in Texas is 1.8%. On a home valued at $315,000, the estimated annual property tax bill is $5,670, or approximately $473/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Dallas is 101.2 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Dallas, TX?
The median home value in Dallas, Texas is $315,000 as of March 2026. Home values have changed +6.3% over the past year, with a 5-year appreciation of 35.7%.
Is Dallas a buyer's or seller's market?
Dallas is currently a balanced market with 3.6 months of housing supply. Homes spend an average of 47 days on market, and the list-to-sale price ratio is 96.4%. Supply and demand are relatively balanced.
Are home values going up in Dallas?
Yes, home values in Dallas have increased by 6.3% over the past year. The 5-year appreciation rate is 35.7%, meaning a home worth $232,130 five years ago is now worth $315,000.
Is it better to rent or buy in Dallas?
The average monthly rent in Dallas is $2,345, while estimated monthly homeownership costs are approximately $1,969. The price-to-rent ratio is 11.2. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Dallas, Texas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.