FHA mortgage insurance premiums are set by HUD and are the same at every lender, so compare FHA lenders on rate, lender fees and points using their Loan Estimates.
Dallas, Texas: 2026 Market Data
📊 LOCAL MARKET DATA
- Median household income (Dallas): $70,518
- Median owner-occupied home value (Census ACS 2020–2024 5-year): $320,700
- FHA share of mortgage originations (Dallas County, HMDA 2025): 15.4%
- Conventional share of mortgage originations (Dallas County, HMDA 2025): 80.1%
- Median real estate taxes paid by homeowners (Dallas County, ACS 2024 5-year): $4,798 a year
Data from U.S. Census Bureau, HMDA
FHA Loans in Dallas: 2026 Market Snapshot
In 2025, 80.1% of Dallas County mortgage originations were conventional loans, 15.4% were FHA and 4.3% were VA (CFPB/FFIEC HMDA). The median owner-occupied home value in Dallas is $320,700 (Census ACS 2020–2024 5-year). One factor you'll want to budget for is property taxes. Dallas County homeowners paid a median $4,798 a year in real estate taxes (Census ACS 2024 5-year), about 1.6% of the county's $303,000 median owner-occupied home value in the same survey. If you're weighing an FHA loan, take the time to compare offers from several lenders, since terms and costs can vary more than people expect. Read the fine print on fees and mortgage insurance, and ask questions until the numbers make sense to you. Given how much a home purchase affects your finances, it's worth slowing down to understand exactly what you're signing before you commit.
$320,700 Median Owner-Occupied Home Value in Dallas: What It Means for Your Down Payment
At Dallas's median owner-occupied home value of $320,700 (Census ACS 2020–2024 5-year), FHA's 3.5 percent minimum down payment translates to roughly $11,225—a figure that feels far more reachable than the 10 to 20 percent conventional loans often demand. For Dallas families saving while paying rent in neighborhoods like Lake Highlands or Far North Dallas, that gap can mean buying years sooner. Keep in mind that your down payment is only the starting line. Texas closing customs, escrow setup for property taxes, and homeowner's insurance all factor into your cash-to-close. Dallas buyers should also budget for the higher property tax escrow that lenders front-load at closing, since county rates run steep. Down payment assistance through Texas programs can cover part or all of that 3.5 percent for eligible first-time buyers. Before assuming you need a massive savings cushion, talk to a Dallas lender about layering gift funds, assistance grants, and seller concessions—all of which FHA permits within limits.
