Dallas-Fort Worth is one of the fastest-growing metros in the US, fueled by major corporate relocations from high-tax states. At $380,000 median, buying is accessible — but Texas's 1.7% property tax is a real monthly cost to factor in.
Pre-filled with Dallas median values including the 1.7% Texas property tax. Adjust for your specific suburb — DFW is enormous and prices vary widely across the metro.
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Dallas offers a compelling buying proposition for those with a medium-term horizon. At $380,000 median, the down payment requirement is manageable — $76,000 at 20% — and monthly mortgage at 7% is around $2,025 P&I. Add 1.7% property tax ($539/month) and insurance, and total monthly ownership costs run $2,800–3,000 — above typical rents but not dramatically so.
Dallas's corporate relocation boom is real demand, not speculation. Major HQ moves from California and New York bring thousands of high-income workers who support both home prices and rents. This gives Dallas stronger fundamental backing than many Sun Belt cities that grew purely on low prices.
| Company | From | Approximate Jobs |
|---|---|---|
| Charles Schwab | San Francisco | 6,500+ |
| McKesson | San Francisco | 4,000+ |
| Goldman Sachs (new campus) | New York | 5,000 |
| Caterpillar | Chicago | 800+ |
| CBRE Group | Los Angeles | HQ relocation |
The Dallas-Fort Worth Metroplex covers over 9,000 square miles. Suburbs like Frisco, McKinney, Plano, Allen, and Southlake offer newer homes in the $350,000–600,000 range with highly rated schools. Closer-in neighborhoods like Oak Cliff, Deep Ellum, and Uptown are denser and more walkable but pricier per square foot. Your commute and lifestyle preferences should drive which submarket you compare.
On a $380,000 Dallas home, the 1.7% property tax adds $6,460/year ($538/month) — significantly more than the national average. The Texas Homestead Exemption reduces your assessed value by $100,000 for school district taxes. Apply through your county appraisal district after closing — it's free and not automatic.
Dallas has fundamental demand drivers — population growth, corporate relocations, and affordability relative to coastal cities — that support 3–5% annual appreciation in most forecasts. Consistent demand from corporate transplants and population growth makes Dallas's outlook more sustainable than markets driven primarily by speculation.