Dallas, TX

What’s it like buying a home in Dallas?

Dallas is a spread-out metro with a strong job market and a lot of corporate relocations. Buying here is competitive but not as intense as Austin. You get a mix of urban living and suburbs. Frisco and Plano are huge for families and jobs. The market moves fast in hot areas but you can still find good options if you are pre-approved and ready to act.

What’s the average home price in Dallas?

The median home price in Dallas is around $400,000. That is lower than Austin and a lot lower than coastal markets. You can find solid homes in the $300s in many suburbs and fixer-uppers or smaller homes in the $200s. Prices have been trending up with growth. Know your budget and get pre-approved so you can move when you find the right fit.

What are the best neighborhoods in Dallas for families?

Frisco and Plano top a lot of lists for schools and safety. McKinney and Allen are also popular with families and offer good value. In the city, Lake Highlands and East Dallas have strong schools and a more neighborhood feel. Each area has different price points and commutes. Visit a few and compare taxes and HOA costs too.

What mortgage rates are available in Dallas?

Rates are national. Your rate in Dallas is the same as anywhere else for the same loan type and profile. What matters locally is your price range and property type. We shop 100+ lenders so you get a competitive rate. In a market like Dallas, a strong pre-approval and a quick close can make your offer stand out.

What loan programs work best in Dallas?

Conventional loans are common for buyers with good credit. FHA is popular with first-timers. VA is big with military families. Corporate relocations often bring high earners who use conventional or jumbo. We run all the options and show you what fits your income, credit, and down payment.

How much do you need for a down payment in Dallas?

At a $400,000 median, 3% down is about $12,000 (conventional first-time). FHA at 3.5% is about $14,000. VA can be zero down. 20% down would be $80,000. Add closing costs and reserves. Your actual number depends on your price range and program. We can run the numbers for you.

What are property taxes like in Dallas?

Property taxes in the Dallas area can run around 2.10% or more of assessed value. Texas has no state income tax, so local governments rely on property tax. On a $400,000 home you could pay roughly $8,400 or more per year. Factor that into your monthly payment. It is often higher than people expect.

Dallas vs Fort Worth: which is better for homebuyers?

Dallas is bigger and more corporate. Fort Worth is a bit more laid-back and often a bit cheaper. Both have strong job markets. Commute and lifestyle matter. If you work in Dallas, living in Fort Worth can mean a long drive. Many buyers pick a side based on job and then shop neighborhoods there. Both are solid markets.

Is Dallas a good real estate investment?

Dallas has seen strong growth and in-migration. That has supported both prices and rents. Investment is not guaranteed, but the metro has been a popular choice for investors. Run your numbers on rent, appreciation, and hold period. We can help you see what loan options work for an investment purchase.

Who’s the best mortgage lender in Dallas?

Going to one bank gives you one rate. A broker shops 100+ lenders. Mpire Direct does the shopping so you get the best rate and terms. We know the Dallas market and we close on time. Take our 60-second quiz to see what you qualify for. No credit pull, no commitment.