Grand Prairie, TX
Dallas County · Pop. 196,100
Ranked #82 of 243 cities
48Moderate
Median Home Price
🏠$300K
2.8% YoY
Median Rent
🔑$1,400
2.0% YoY
Median Income
💰$62K
Rent Burden
📊29.5%
% of income to rent
Income to Buy
🏦$86K
annual income needed
Income to Rent
📝$56K
annual income needed
Price-to-Income
⚖️4.8x
Homeownership
🏡56.0%
Rent vs. Buy
Buy
$1,597/mo
Est. mortgage (7%, 20% down)
Need $86K/yr income
Rent
$1,400/mo
Median rent
Need $56K/yr income
How Grand Prairie Compares
| Metric | Grand Prairie | Texas | National |
|---|---|---|---|
| Home Price | $300K | $297K | $410K |
| Rent | $1,400 | $1,413 | $1,500 |
| Income | $62K | $76K | $75K |
| Rent Burden | 29.5% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Grand Prairie are 27% lower than the national average.
- • Rent is 7% lower than the national average.
- • You need an income of $86K to comfortably buy a home here.
- • The homeownership rate is 56.0%, compared to 65.0% nationally.