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Home Affordability Calculator Dallas, TX — 2026
Median home price in Dallas: $345,000. At 6.5% on a 30-year loan with 20% down, the estimated total monthly payment (PITI) is $2,501 — requiring $107,186/year in gross income. Enter your income below for a personalised estimate.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$345,000
Income needed (annual)
$107,186
Est. monthly PITI
$2,501
Property tax/month
$627
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How much house can you afford in Dallas at your salary?
Maximum home price at each income level: 6.5% rate, 30-year term, 20% down payment, no existing debt. Property tax (2.18%) and insurance (0.45%) included in the 28% front-end DTI budget.
| Annual income | Max home price | Max monthly budget | Affords Dallas median? |
|---|---|---|---|
| $50,000 | $160,954 | $1,167/mo | ✗ No |
| $75,000 | $241,430 | $1,750/mo | ✗ No |
| $100,000 | $321,907 | $2,333/mo | ✗ No |
| $125,000 | $402,384 | $2,917/mo | ✓ Yes |
| $150,000 | $482,861 | $3,500/mo | ✓ Yes |
| $175,000 | $563,338 | $4,083/mo | ✓ Yes |
| $200,000 | $643,814 | $4,667/mo | ✓ Yes |
Assumes 20% down, 6.5% rate, 30-year term, zero existing monthly debt. Property tax at 2.18% effective rate; insurance estimated at 0.45% annually. PMI required below 20% down — not included here.
Monthly payment breakdown on the median Dallas home
$345,000 purchase price with 20% down ($69,000) at 6.5% on a 30-year loan.
Principal & interest (30yr)
$1,745/month on a $276,000 loan at 6.5% over 30 years. Total interest paid over the life of the loan: $352,200.
Property tax (2.18% effective rate)
$627/month ($7,524/year). Dallas County's effective property tax rate of approximately 2.18% is among the highest of any major US metro. On a $345,000 home, property taxes add approximately $627/month — the defining financial variable for buyers weighing Texas's no-income-tax benefit against high ongoing carrying costs.
Homeowners insurance (est.)
$129/month estimated at 0.45% of home value annually. Rates vary significantly by coverage level, age of home, and local risk factors — always get quotes before closing.
Total PITI (monthly)
$2,501/month estimated. Income needed to keep this under 28% of gross monthly income: $107,186/year. Texas has no state income tax — a meaningful take-home pay advantage.
Dallas housing market 2026
Dallas–Fort Worth is one of the fastest-growing metropolitan areas in the US, driven by corporate relocations from California and the Northeast. Plano, Frisco, and Allen command the highest suburban prices; urban Dallas neighborhoods like Deep Ellum and Design District have gentrified rapidly. No state income tax remains the primary draw for business and household relocation.
Key numbers for Dallas buyers
- Median home price: $345,000 (2026 estimate)
- 20% down payment: $69,000
- Loan amount (80% LTV): $276,000
- Monthly P&I at 6.5% / 30yr: $1,745
- Monthly P&I at 6.5% / 15yr: $2,404
- Est. PITI (P&I + tax + insurance): $2,501/month
- Income needed (28% front-end DTI): $107,186/year
- State income tax: None — meaningful take-home pay advantage
Compare home affordability by city
📍 Los Angeles, CA
Median $900,000 · income needed $244,543/yr · 1.09% tax
📍 Chicago, IL
Median $330,000 · income needed $101,614/yr · 2.1% tax
📍 Houston, TX
Median $290,000 · income needed $89,143/yr · 2.09% tax
📍 Phoenix, AZ
Median $400,000 · income needed $102,429/yr · 0.65% tax
📍 Miami, FL
Median $580,000 · income needed $155,143/yr · 0.97% tax
📍 Seattle, WA
Median $740,000 · income needed $195,257/yr · 0.87% tax
📍 Denver, CO
Median $560,000 · income needed $141,171/yr · 0.54% tax
📍 Austin, TX
Median $525,000 · income needed $161,614/yr · 2.1% tax
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Home affordability Dallas — frequently asked questions
How much house can I afford in Dallas?
On a $100,000 annual income with no other debt, 20% down, and a 6.5% 30-year mortgage, you can afford approximately $321,907 in Dallas. The median home price in Dallas is $345,000, which requires approximately $107,186/year in gross income using the 28% front-end DTI rule (principal, interest, property tax, and insurance all within 28% of gross monthly income).
What income do I need to buy a home in Dallas?
To afford Dallas's median home price of $345,000 at 6.5% on a 30-year loan with 20% down, you need approximately $107,186/year in gross income. This assumes the full PITI payment of $2,501/month (P&I $1,745 + property tax $627 + insurance $129) stays within 28% of gross monthly income. Existing debts reduce this buying power further.
What is the median home price in Dallas in 2026?
The estimated median home price in Dallas in 2026 is approximately $345,000. This varies significantly by neighbourhood — enter the specific purchase price you are evaluating in the calculator above for a personalised estimate.
What are property taxes in Dallas?
Dallas, TX's effective property tax rate is approximately 2.18%. On a $345,000 home, that is roughly $627/month or $7,524/year in property taxes. Dallas County's effective property tax rate of approximately 2.18% is among the highest of any major US metro. On a $345,000 home, property taxes add approximately $627/month — the defining financial variable for buyers weighing Texas's no-income-tax benefit against high ongoing carrying costs.
Is Dallas affordable to buy in 2026?
Dallas's median home price of $345,000 requires an annual gross income of approximately $107,186 to qualify under the 28% front-end DTI rule at 6.5% with 20% down. The estimated total monthly payment (PITI) is $2,501/month. Dallas–Fort Worth is one of the fastest-growing metropolitan areas in the US, driven by corporate relocations from California and the Northeast.