How Much House Can I Afford in Dallas, TX?
Use local market data to estimate what you can afford in Dallas. The median home value is $320,000 with a population of 1,300,000.
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FAQ — Buying in Dallas
How much house can I afford in Dallas?
The median home value in Dallas is $320,000. At a 20% down payment ($64,000) and a 6.37% rate, the estimated P&I payment would be roughly $1,596 per month — before taxes and insurance. Use the calculator above with your actual income and debts for a personalized answer.
What is the 28/36 rule for buying a home in Dallas?
The 28/36 rule suggests your housing payment should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. In Dallas with a median home price of $320,000, this means your gross monthly income should ideally be at least $5,701 to keep housing comfortably within the 28% threshold.
How do Dallas property taxes affect my affordability?
Dallas County has an effective property tax rate of 2.10%, which adds approximately $560 per month to your housing cost on a median-priced home.
What 2026 loan limits apply in Dallas?
In 2026, the FHA loan limit for Dallas County is determined by HUD based on local median home prices. The conforming limit set by FHFA is at least $832,750 — loans above this are jumbo mortgages with different qualification standards. Higher-cost counties may have elevated limits.