How Long to Save for a Home in Dallas, TX

Median home price, average rent, and a personalized savings timeline for Dallas — updated 2026-Q1.

Median Home Price

$380,000

Average Rent

$1,650/mo

Median Income

$72,000/yr

5yr Price Growth

+22%

Calculate for Dallas

Invest this % of your rent ($1,650/mo)

Down payment

Down Payment Scenarios in Dallas

Based on 10% of $1,650/mo rent invested. Data as of 2026-Q1.
ScenarioDown PaymentWith BricksSavings Acct
3.5% FHA$13,3005.4 years6 years
10% Down$38,00011.8 years14.3 years
20% Down$76,00017.7 years23.3 years

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Buying a Home in Dallas, Texas

Dallas is one of the South's largest metro areas with a population of 1,340,000. The median home price of $380,000 is near the national average.

With average rent at $1,650/month, a renter in Dallas investing 10% of their rent ($165/month) into diversified REITs could accumulate a 20% down payment of $76,000 in approximately 17.7 years. The same monthly contribution in a high-yield savings account would take about 23.3 years.

Home prices in Dallas have grown 22% over the past five years, roughly in line with national trends. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.

Frequently Asked Questions