In short
The median value of owner-occupied homes is $313,200 in Texas and $340,400 in the city of Dallas, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Texas prices up 0.5% and Dallas–Plano–Irving prices down 0.1% from Q2 2025 to Q2 2026.
What it costs: median value in 2024
| Area | Median value, 2024 | Margin of error (90%) |
|---|---|---|
| United States | $360,600 | ±$618 |
| Texas | $313,200 | ±$1,780 |
| Dallas–Fort Worth–Arlington metro area | $389,500 | ±$2,489 |
| Dallas County | $330,500 | ±$5,180 |
| City of Dallas | $340,400 | ±$11,363 |
Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.
Three points stand out:
- The Texas median is $47,400 below the national median.
- The city of Dallas sits $27,200 above the Texas median, but $49,100 below the Dallas–Fort Worth metro median. The suburbs pull the metro figure up.
- The city figure carries a margin of error of ±$11,363, so Dallas’s true median is very likely between about $329,000 and $351,800.
How prices have moved: the FHFA index
It is also the first release with purchase-only indexes for metro divisions such as Dallas–Plano–Irving.
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| United States | +2.1% | +33.4% |
| Texas | +0.5% | +25.1% |
| Dallas–Plano–Irving metro division | −0.1% | +26.2% |
Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.
Texas home prices were almost flat over the past year, while the national index rose 2.1%. Over five years, Texas and Dallas still gained about a quarter in value, but less than the nation’s 33.4%.
A worked example
Take a Dallas-area home worth $340,000 in the second quarter of 2021. Tracking the Dallas–Plano–Irving index exactly, it would have been worth about $429,000 in the second quarter of 2026 (+26.2%). Over the last year alone, it would have lost about $200 (−0.1%). A single home can differ widely from the index.
How to use these figures when buying
Closing costs come on top: our Texas closing costs guide covers who pays what, and buying a home in Dallas applies these numbers to the city, including property tax. First-time buyers can also check the Texas first-time buyer programs.
Method and dataset
ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), Texas (0400000US48), Dallas–Fort Worth–Arlington metro area (310M700US19100), Dallas County (0500000US48113), Dallas city (1600000US4819000). Values were read on data.census.gov on October 13, 2026. The definition of value comes from the ACS 2024 Subject Definitions.
FHFA index. FHFA HPI (purchase-only, seasonally adjusted), state series (Texas), metro series (Dallas–Plano–Irving, TX metro division, code 19124) and U.S. series. Index values used: Texas 442.24 (Q2 2025), 355.09 (Q2 2021) and 444.25 (Q2 2026); Dallas–Plano–Irving 445.23, 352.45 and 444.95; United States 426.58, 326.58 and 435.69.
Frequently asked questions
What is the median home value in Texas?
Texas’s 2024 ACS median home value is $313,200 (±$1,780), against $360,600 for the nation: owners’ own estimates, not sale prices.
What is the median home value in Dallas?
For the city of Dallas, the 2024 ACS median value is $340,400 (±$11,363). Dallas County is at $330,500 and the Dallas–Fort Worth–Arlington metro area at $389,500.
Are Texas home prices going up or down?
FHFA’s purchase-only index shows Texas prices rose 0.5% over the year to Q2 2026, and the Dallas–Plano–Irving area fell 0.1%. Over five years, they rose 25.1% and 26.2%.
How Texas compares with the other States
Texas ranks 29th of 50 for median home value ($313,200), 13% below the national $360,600.
The States closest in median value are South Carolina ($299,500) and Wisconsin ($294,700). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Texas is $26,300 below the middle of that ranking (Wyoming).
On the FHFA index, Texas prices rose 0.5% over the year to the second quarter of 2026, which places the State 43rd of 50, 1.6 points behind the national +2.1%. Over five years the gain is +25.1% (42nd of 50; nation +33.4%).
Texas sits in the middle of the pack on at least one of the two measures: 29th for the level, 43rd for the one-year change.
Over five years, Texas's +25.1% annualises to +4.6% a year (nation +5.9%). The latest year (+0.5%) is 4.1 points under that average, a slower pace than the five-year average.
Dallas, the main city, has a median of $340,400, 28th of the 49 main cities Payotte covers. That is 9% above the Texas median, a premium that ranks 27th of 49.
The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Texas (+0.5%) is 7.8 points below the top and 1.7 above the bottom; Mississippi (+0.5%) and North Carolina (+0.4%) are the nearest to it.
For scale, 20% of the Texas median is $62,640, against $72,120 at the national median.
Compare with the other states: Median home price by state.
More Texas guides
- Closing costs in Texas: what buyers and sellers pay
- Is there a real estate transfer tax in Texas?
- How Texas property tax works and what the homestead saves
- What must a home seller disclose in Texas?
- Is a real estate attorney required at closing in Texas?
- How does foreclosure work in Texas, and how long does it take?
- First-time home buyer programs in Texas: TDHCA, TSAHC, Dallas
- How to verify a real estate license in Texas (5 professions)
- Texas community property and the family home
- Natural hazards and home insurance in Texas
- Title insurance in Texas: rates, policies and who pays
Sources
- Census Bureau, ACS 1-Year 2024, table B25077 (consulted October 13, 2026)
- Census Bureau, 2025 ACS release schedule (consulted October 13, 2026)
- American Community Survey 2024 Subject Definitions (U.S. Census Bureau) (consulted October 13, 2026)
- FHFA news release, August 25, 2026 (consulted October 13, 2026)
- FHFA HPI datasets (quarterly, purchase-only) (consulted October 13, 2026)