Mortgage Rates in Dallas, Texas: 2026 Guide
Current mortgage rates in Dallas. 30-year fixed: 6.74%. Median home price: $350,000.
Current Mortgage Rates in Dallas
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.820% | $1,814/mo |
| 15-Year Fixed | 6.22% | 6.290% | $2,396/mo |
| 5/1 ARM | 6.12% | 6.470% | $1,700/mo |
* Based on 20% down. Actual rates vary.
Median Home Prices in Dallas
The median home price in Dallas is $350,000, slightly above the Texas state median of $345,000. Neighborhoods like Highland Park and University Park command premium prices, while areas like Oak Cliff and East Dallas offer more entry-level opportunities.
Cost of Living & Property Taxes
Texas has no state income tax. The property tax rate in Dallas is approximately 1.8%. Annual taxes: $6,300 ($525/mo).
Dallas Market Insights
Dallas continues to attract businesses and residents with its strong economy, central location, and relatively affordable housing. The city’s housing market has seen steady appreciation, particularly in desirable neighborhoods like Uptown, Lakewood, and the Bishop Arts District. Corporate relocations to the DFW metroplex drive ongoing demand, and the lack of state income tax makes homeownership more attractive.