Dallas County home prices climb 48.0% since the end of last decade

Home values in Collin, Dallas and Denton counties climbed at a faster average pace after 2019 than they did from 2010 to 2019. Of these counties, Collin has built the most value since 2000. That hits every buyer, owner and renter in the core of the Metroplex.

Collin County's house price index rose at a compound annual rate of 7.5% from 2019 to 2025. That beat its pace of 5.8% a year from 2010 to 2019.

Denton County sped up to 6.9% a year, from 5.7% in the decade before. Dallas County picked up to 6.8% a year, from 5.7%.

Those gaps look small on paper, but they compound. Since 2019 alone, Collin's index rose 54.2%. Denton's rose 49.4%, and Dallas County's rose 48.0%.

For owners, that pace meant more equity on paper. For buyers and renters, it meant a steeper climb to get in the door. The counties also pulled apart after years of moving nearly in step.

Collin edges ahead over the long haul

Measured from 2000, Collin County's index rose 208.1% through 2025. Dallas County was close behind, up 206.7%. Denton County trailed, up 197.2%.

Dallas County's long-run standing comes with a twist. It grew at the same rate as Denton from 2010 to 2019 and a bit slower after 2019. Yet it still sits ahead of Denton from the 2000 base, which suggests Dallas County built its edge before 2010.

That 2000 starting point matters for another reason. Texas did not see the explosive price boom and collapse that hit Arizona, California, Florida and Nevada in the mid-2000s, the Federal Reserve Bank of Dallas noted (Dallasfed.org). So the North Texas numbers are not inflated by a bubble-era spike or dragged down by a crash.

Why prices surged, and why they cooled

Dallas Fed economists pointed to several forces behind the surge. They named low mortgage rates, more people working from home, federal stimulus and unemployment benefits, the student loan payment pause, a surging stock market and faster migration to Texas (Dallasfed.org).

The shortage of homes started earlier. Texas builders were slow to rebuild inventory after the Great Recession, and by some measures construction had lagged demand for years, the Dallas Fed said (Dallasfed.org). By February 2022, Dallas–Fort Worth had less than a month's worth of homes for sale (Dallasfed.org).

Newcomers added pressure. Net migration to Texas sped up after the pandemic began, Dallas Fed researchers found (Dallasfed.org). The Dallas–Fort Worth area led the state in net in-migrants, ahead of Austin (Dallasfed.org).

Investors joined in. Record low interest rates drew investors who bought single-family homes to turn into rentals, Newsweek reported (Newsweek).

The Dallas Fed reported that home prices jumped sharply in Fort Worth, San Antonio and Dallas (Dallasfed.org). Newsweek reported that the median home price in Dallas peaked in May 2022 (Newsweek). The article did not say whether that figure covered the city or the metro.

The newest data show that run has stalled. Measured through 2024 instead, annual growth since 2019 was 9.2% in Collin, 8.6% in Denton and 8.2% in Dallas County. Adding the 2025 reading pulls each rate down. In plain terms, prices in the latest year held roughly flat or slipped.

A source quoted by Newsweek, identified as Nixon, tied the cooling to supply and cost. Nixon said Dallas saw record new housing starts and deliveries in recent years, alongside a huge rise in mortgage rates and slower domestic migration (Newsweek). Homes listed for sale in Dallas-Fort Worth-Arlington have climbed well above their May 2021 level, Newsweek reported (Newsweek).

What to watch

Even with the 2025 slowdown, each county still grew at a faster average pace after 2019 than it did from 2010 to 2019. The question now is whether more listings and higher rates hold prices flat, or whether growth picks back up.

Keep the geography straight when reading these numbers. They cover whole counties, not cities or neighborhoods.

For buyers and owners, the signals to watch are the number of homes for sale and the cost of a mortgage. Dallas Fed researchers and sources quoted by Newsweek tied those forces to both the surge and the cooling across North Texas.

How we did this

We used the Federal Housing Finance Agency's annual, not seasonally adjusted all-transactions house price index for Collin, Dallas and Denton counties, indexed to a 2000 base year. We compared each county's compound annual growth rate from 2010 to 2019 with its rate from 2019 to 2025, and measured total change since 2000. As a check, we also calculated growth from 2019 to 2024 to see how much the newest 2025 reading changed the picture.

House price index: A measure that tracks how values of the same homes change over time, based on repeat sales and appraisals. Here, 2000 serves as the base year. Compound annual growth rate: The steady yearly rate that would carry a value from its starting level to its ending level over a period, smoothing out ups and downs. All-transactions: The version of the index that uses both home sales and refinance appraisals, not sales alone. Not seasonally adjusted: The figures have not been corrected for normal seasonal swings in the housing market.

Limitations

• The index tracks price changes for the same homes over time. It is not a median sale price and does not tell you what a typical home costs.
• The all-transactions index includes appraisals from refinancing, not just sales, so it can move differently from sale-price measures.
• Figures are not adjusted for inflation, so part of the growth reflects rising prices across the economy.
• Compound annual growth rates are averages over a period. They do not mean prices rose by that amount every single year.
• The data are county-wide. They cannot show which cities or neighborhoods gained most within a county.
• The newest 2025 reading is the most likely to be revised as more records come in.
• The data show how prices changed, not why. Explanations come from the Dallas Fed and from news reports.

Sources

• Federal Reserve Bank of St. Louis (FRED): All-Transactions House Price Index for Collin County, TX, latest period 2025, released March 31, 2026; retrieved Oct. 12, 2026. Data
• Federal Reserve Bank of St. Louis (FRED): All-Transactions House Price Index for Dallas County, TX, latest period 2025, released March 31, 2026; retrieved Oct. 12, 2026. Data
• Federal Reserve Bank of St. Louis (FRED): All-Transactions House Price Index for Denton County, TX, latest period 2025, released March 31, 2026; retrieved Oct. 12, 2026. Data