Dallas's median home price is $298,000 (5.1% YoY) at a 80% average approved LTV. JPMorgan Chase's rate for a 42% DTI borrower is the Dallas market benchmark; Wells Fargo and Truist both compete within 0.125–0.25% of JPMorgan Chase's posted rate for conforming loans.
Dallas, Texas: 2026 Market Data
📊 LOCAL MARKET DATA
- Median home price: $298,000
- Year-over-year price change: 5.1%
- FHA loan share: 22.4%
- Conventional loan share: 66.2%
- Property tax rate (Dallas County): 2.18%
- Top local lenders: JPMorgan Chase, Wells Fargo, Truist
Data from U.S. Census Bureau, HMDA, county assessor
Mortgage Rate Trends in Dallas: 2026
If you're shopping for a home loan in Dallas this year, it helps to understand the local landscape before you start comparing offers. The median home price in Dallas currently sits at $298,000, reflecting a year-over-year increase of 5.1%. That steady climb means buyers should be prepared for prices that have continued to firm up rather than soften. How people are financing those homes tells its own story. Conventional loans make up the bulk of the market here, accounting for 66.2% of activity, while FHA loans represent 22.4%. That mix suggests a range of borrowers are finding paths to homeownership in Dallas, so it's worth exploring which option fits your situation. Don't overlook carrying costs, either. In Dallas County, the property tax rate is 2.18%, which is a meaningful piece of your monthly budget to factor in alongside principal and interest. When you're ready to borrow, lenders active in the area include JPMorgan Chase, Wells Fargo, and Truist, among others. As with any major financial decision, compare several quotes, read the fine print carefully, and talk to more than one lender before you commit.
Dallas Property Taxes at 2.18%: How That Hits Monthly PITI
Property taxes are the line item that surprises buyers moving to Dallas from lower-tax states, and at roughly 2.18 percent of assessed value, they meaningfully shift your monthly payment. On a home assessed at $298,000, that's around $6,500 a year, or about $540 every month folded into your escrow. That's on top of principal, interest, and homeowners insurance, the full PITI picture lenders use to qualify you. The reason this matters so much is that your debt-to-income ratio gets squeezed by taxes you can't negotiate away. Texas funds schools and local services without an income tax, so the burden lands squarely on real estate. The upside is that Texas offers a homestead exemption that can trim your taxable value once the home is your primary residence, and there are caps on annual assessment increases for homesteaders. Dallas buyers should always ask whether the exemption is already reflected in the listing's tax estimate, because raw numbers often aren't.
