CALCMONEY // MORTGAGE // TX // DALLAS
Calculate your monthly mortgage payment using Dallas-specific property tax rates and local market data.
$355,000
6.9%
2.3%
100
| Principal & Interest | $1,870 |
| Property Tax | $680 |
| Homeowners Insurance (est.) | $118 |
| Total Monthly Payment (PITI) | $2,669 |
$71,000
$389,353
$114,393/yr
The median home price in Dallas is $355,000, near the national median of $420,000. With a median household income of $68,000, the price-to-income ratio is 5.2x — meaning buyers typically spend 5.2 years of gross income on the purchase price.
Property taxes in Dallas run 2.3% of assessed value. On the median home, that is $8,165 per year, or $680 per month added to your mortgage payment. This is significantly above the national average of 1.1%, making property taxes a major factor in your total housing cost.
Texas has no state income tax, which means more of your gross salary becomes take-home pay. This effectively increases your purchasing power compared to income-tax states.
The cost of living index in Dallas is 100 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $284,000 loan saves $12,780 in interest over 30 years.
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Neighborhood-level data for 5 ZIP codes in Dallas. Rates, home prices, and estimated payments vary by area.