The typical home in Dallas, TX is worth about $390,000.
With 20% down that's a loan near $312,000 — the calculator
is pre-filled with that figure. Strong job growth has pulled steady in-migration, and builders have largely kept pace, so price gains have been moderate lately. The high property tax rate plus hail-prone insurance are the main reasons the full payment runs well above the loan's principal and interest.
$2,025.70 / month
Total interest
$417,252
Total paid
$729,252
Payoff
30.0 years
How much you need to earn
Dallas, TX's median household income is about
$80,000 a year. Under standard 28/36
lending rules that supports a home price around
$234,459 with 20% down —
below the $390,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Dallas, TX is about $1,800 a month, so owning the median home costs roughly
$1,077 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Dallas, TX?
On the metro's roughly $390,000 typical home with 20% down, the loan is about $312,000. Principal and interest run near $2,026 a month at today's rate, and Dallas, TX's property tax plus insurance add about $851, for a full payment near $2,877.
Can I afford a home in Dallas, TX on the median income?
The median household income is about $80,000 a year. Under standard 28/36 lending rules that supports a home price around $234,459 with 20% down — below the $390,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Dallas, TX?
Typical asking rent is about $1,800 a month. The full owner payment on a median home is near $2,877, so owning costs roughly $1,077 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Dallas, TX?
The effective property tax rate in the core county is about 1.90% of market value — roughly $7,410 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Dallas, TX rising or falling?
Home values are up about 2% over the past year. Strong job growth has pulled steady in-migration, and builders have largely kept pace, so price gains have been moderate lately. The high property tax rate plus hail-prone insurance are the main reasons the full payment runs well above the loan's principal and interest.