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These days, finding an affordable place to live in the Dallas area can be challenging. Home prices in Dallas are now at a median cost of $399,057, higher than the Texas average of $322,096.
The average cost of rent is $1,865/mo in Dallas, primarily driven by the current value of real estate in the Dallas area. In Dallas, 39.90% of households rent, and 38.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Dallas is $8,865 per month. Households that rent pay about 21.04% of their income on rent here. Dallas’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Highland Park, TX: higher priced homes
- University Park, TX: higher priced homes
- Cockrell Hill, TX: less expensive homes
- Farmers Branch, TX: higher priced homes
- Mesquite, TX: less expensive homes
- Addison, TX: equally priced homes
- Garland, TX: less expensive homes
- Irving, TX: equally priced homes
- Richardson, TX: higher priced homes
- Balch Springs, TX: less expensive homes
Cities with Similar Populations
- Ankeny, IA: less expensive homes
- Albany, GA: less expensive homes
- Asheville, NC: higher priced homes
- Anderson, SC: less expensive homes
- Apopka, FL: equally priced homes
- Apex, NC: higher priced homes
- Anderson, IN: less expensive homes
- Alhambra, CA: higher priced homes
- Berkeley, CA: higher priced homes
- Anchorage, AK: equally priced homes
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