Two North Texas Counties Are Higher than National Average For Home Prices

From staff reports

While Dallas County’s median home value was lower than the national average, two other North Texas counties had median home prices that were much higher, new data visualizations from the National Association of Realtors revealed.

The report applied data from the American Community Survey and the FHFA’s House Price Index growth to calculate the median home prices for 3,119 counties in the United States.

“Nationwide, we estimated that the price of a typical home was $235,000 in the third quarter of 2018,” the NAR report said. “Based on our estimates, 87 percent of counties had a lower median home value than the national level.”

Nationally, California had some of the highest median home prices, with San Francisco County topping the list at $1,272,170.

Locally, Collinand  Denton counties topped the list, with median home prices of $354,363 and $307,370, respectively. Dallas County’s median home value was $191,696, while Tarrant County has a value of $203,964.

The same report also looked at average mortgage payments by county, basing the calculation on the median home price and three separate mortgage rates. We pulled out our four local North Texas counties for comparison here:

To check out other counties, we’ve provided the NAR data visualizations here and here.