The Dallas-Fort Worth housing market is in a slow, orderly correction. As of June 30, 2026, the Zillow Home Value Index for the Dallas, TX metro was $361,074, down 3.0% from $372,265 a year earlier and 0.3% below May [1]. Typical rents were flat at $1,658, active inventory of 35,802 homes was 4.5% lower than in June 2025, and 32% of listings carried a price cut [1]. With the 30-year fixed mortgage rate at 6.58% in the week ending July 23, 2026, the principal-and-interest payment on the typical DFW home is about 6% lower than a year ago, so the region is more affordable than it was even though it has not stopped growing [2].
Dallas-Fort Worth housing market: how far have home values fallen?
The metro-wide typical home value (all homes, smoothed and seasonally adjusted) was $361,074 in June 2026, compared with $372,265 in June 2025 and $377,123 in April 2025 [1]. The decline has been steady rather than sharp: $365,232 in March 2026, $363,899 in April, $362,321 in May and $361,074 in June [1].
Every segment is lower, but the spread is narrow. Single-family values fell 3.0% to $363,665, the bottom third of the market fell 2.8% to $248,511, and the top third fell 2.8% to $610,149 [1]. Condos were the weak spot again, down 5.8% to $214,849 from $228,102 [1]. The median sale price was $400,000 in June 2026, against $408,000 in June 2025, a 2.0% dip that matches the index closely [1].
What a buyer pays each month
Zillow's estimated principal-and-interest payment on the typical DFW home with 20% down was $1,824 in June 2026, down 6.2% from $1,945 in June 2025 [1]. Including taxes and insurance, the total monthly payment with 20% down was $2,650, versus $2,771 a year earlier [1]. The gap between the two figures is wide because Texas property taxes carry the load that income taxes carry elsewhere. The national 30-year fixed rate averaged 6.58% in the week ending July 23, 2026, compared with 6.74% in the same week of 2025 [2].
DFW rents and rent yield in 2026
Rents have been flat for two years. The Zillow Observed Rent Index for all homes and apartments in the Dallas metro was $1,658 in June 2026, 0.1% below the $1,659 of June 2025 [1]. Single-family rents rose 1.3% to $2,372, while apartment rents slipped 1.0% to $1,498 as a large wave of new multifamily supply continued to lease up [1].
The gross rent yield on a typical single-family home is about 7.8%: twelve months of rent at $2,372 equals $28,466, against a typical single-family value of $363,665 [1]. That is one of the highest starting yields among large U.S. metros, but the tax bill takes a big share of it. DataPorium's property tax data shows median effective rates of 1.22% in ZIP 75205 (Highland Park and University Park), 1.48% in 75034 (Frisco, Collin County), 1.51% in 75070 (McKinney), 1.90% in 76107 (Fort Worth) and 1.98% in 75216 (South Dallas) [4]. At a 1.8% effective rate, property tax alone consumes almost a quarter of gross rent at a 7.8% yield, which is why net yields in DFW look closer to those in lower-tax metros than the headline suggests.
Inventory, days on market and price cuts
Supply is abundant but has stopped growing. Active for-sale inventory was 35,802 homes in June 2026, down 4.5% from 37,501 in June 2025 and below the 39,091 peak of August 2025 [1]. Homes that are priced correctly still sell quickly: the median listing took 25 days to go pending in June 2026, the same as a year earlier, after a slow winter in which the median reached 54 days in January [1]. Sellers are still negotiating, with 32% of listings showing a price cut in June, against 34% in June 2025 [1]. Zillow's market heat index read 51 in June 2026, unchanged from a year earlier, which describes a balanced market [1].
- Active listings: 35,802 in June 2026, versus 37,501 in June 2025 [1]
- Median days to pending: 25, unchanged from a year earlier [1]
- Share of listings with a price cut: 32%, versus 34% a year earlier [1]
- Median sale price: $400,000, versus $408,000 a year earlier [1]
Which Dallas-Fort Worth ZIP codes are the most and least expensive?
DFW is a metro of more than 8 million people spread across Dallas, Tarrant, Collin, Denton and eight other counties, and the price spread is enormous. The table shows Zillow's smoothed typical home value by ZIP code for June 2026 with the median effective property tax rate for each area from DataPorium [1][4].
| ZIP code | Area | Typical home value, June 2026 | Median effective property tax |
|---|---|---|---|
| 75205 | Highland Park, University Park | $2,088,764 | 1.22% |
| 75225 | Preston Hollow | $2,072,866 | 1.31% |
| 76092 | Southlake | $1,299,124 | 1.38% |
| 75034 | Frisco | $663,320 | 1.48% |
| 76248 | Keller | $589,852 | 1.51% |
| 75070 | McKinney | $469,295 | 1.51% |
| 76107 | Fort Worth (Arlington Heights) | $361,425 | 1.90% |
| 75052 | Grand Prairie | $322,240 | 1.77% |
| 75217 | Dallas (Pleasant Grove) | $198,263 | 1.73% |
| 76104 | Fort Worth (south side) | $186,503 | 1.77% |
| 75216 | South Dallas | $171,796 | 1.98% |
The most expensive ZIP in the sample, 75205, is worth about twelve times the least expensive, 75216, and the two are less than ten miles apart [1]. The expensive ZIPs also carry the lowest effective tax rates, partly because the homestead cap holds assessed values below market on long-held homes [4]. Investors can compare these and every other ZIP on DataPorium's housing market data, which carries Zillow values, rents and inventory at the state, metro, city and ZIP levels [1].
Population, income and what it means for buyers and investors
The demand side is the strongest of any large metro. The Census Bureau estimates the Dallas-Fort Worth-Arlington population at 8,477,157 as of July 2025, up 123,557 from 8,353,600 in 2024 and 9.0% above the 7,777,844 of 2021 [3]. Inside the city of Dallas, the 2024 American Community Survey shows a median household income of $70,518, up from $54,747 in 2020, with a population of 1,307,930 and a homeownership rate of 42.4% [4]. Incomes rising faster than home values is the healthy way for affordability to improve.
Dallas-Fort Worth is adding more than 120,000 residents a year while home values drift lower, a combination that rewards buyers who can hold for several years and investors who price in Texas property taxes.
For buyers, the practical reading is that 35,800 active listings and 32% of sellers cutting prices give real negotiating room, while a 25-day median time to pending means well-priced homes still go quickly [1]. The counterpoint is that values are still slipping, so buyers with a two-year horizon carry more price risk than long-term owners. For investors, a 7.8% gross single-family yield is attractive, but flat rents and effective tax rates between 1.5% and 2.0% in most of the metro mean net yields are considerably lower, and underwriting should assume no rent growth for the next year [1][4]. Zillow's rolling 12-month home value forecast for the metro is updated each month and shown beside the current values on the DataPorium market page [1]. Property-level detail, including tax rates by ZIP, is available through DataPorium's real estate module [4].
Key takeaways
- The DFW typical home value was $361,074 in June 2026, down 3.0% year over year and 0.3% from May [1].
- Condo values fell 5.8% to $214,849, while single-family values fell 3.0% to $363,665 [1].
- Typical rent was $1,658, essentially flat, and the gross single-family rent yield is about 7.8% before taxes near 1.5% to 2.0% [1][4].
- Inventory of 35,802 homes is 4.5% below a year ago; 32% of listings had a price cut and the median time to pending was 25 days [1].
- Metro population reached 8,477,157 in 2025, and the 30-year mortgage rate was 6.58% in late July 2026 [2][3].
Frequently asked questions
Are home prices dropping in Dallas-Fort Worth in 2026?
Yes, gradually. The Zillow Home Value Index for the Dallas metro was $361,074 in June 2026, 3.0% below June 2025, with condos down 5.8% and single-family homes down 3.0% [1].
What is the average rent in Dallas-Fort Worth in 2026?
The typical asking rent across all homes and apartments in the Dallas metro was $1,658 per month in June 2026, unchanged from a year earlier; the typical single-family rental was $2,372 [1].
Is Dallas a buyer's market right now?
It is balanced: about 35,800 active listings, a 25-day median time to pending, 32% of listings with a price cut and a market heat index of 51 in June 2026 [1].
What is the most expensive ZIP code in Dallas?
Among the ZIPs reviewed, 75205 (Highland Park and University Park) had the highest typical home value at about $2.09 million in June 2026, just ahead of 75225 (Preston Hollow) at about $2.07 million [1].
Sources & References
- [1] DataPorium Housing Market Insights (Zillow ZHVI, ZORI, inventory and market data)
- [2] Freddie Mac via FRED: 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US)
- [3] U.S. Census Bureau via FRED: Resident Population in Dallas-Fort Worth-Arlington, TX (MSA) (DFWPOP)
- [4] DataPorium Real Estate: property tax, demographics and neighborhood data
