In Southlake, a typical home is worth $1,014,500 and typical rent is $3,501 a month. Compared with all of Tarrant County, the typical home value is 213% higher, typical household income is 197% higher, and the share of households that own their home is 35 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $958,894 to $1,318,423.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Southlake is in Tarrant County. The FHA loan limit ($563,500 for a one-unit home), the fair market rents and the help on this page are those of all of Tarrant County. See the county
What this place has that others do not, from public data, most unusual first.
1
Southlake has the highest typical rent of the 413 cities in Texas with more than 5,000 people: $3,501.
2
Southlake has the highest typical household income of the 424 cities in Texas with more than 5,000 people: $250,001.
3
95% of households in Southlake own their home, against 59% in Tarrant County.
4
Southlake has the 5th highest typical home value of the 422 cities in Texas with more than 5,000 people ($1,014,500).
5
Nearby, in Grapevine, the typical home value is $493,100: 51% less than in Southlake ($1,014,500).
6
Nearby, in Grapevine, the typical rent is $1,863: 47% less than in Southlake ($3,501).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Southlake
What homes there are in Southlake, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Southlake
Tarrant County
Texas
United States
Kind of home: Southlake and its comparisons
Measure
Southlake
Tarrant County
Texas
United States
Detached house
94%
65%
64%
61%
Attached house
Unreliable estimate
4%
3%
6%
Building of 2 to 4
Unreliable estimate
5%
5%
8%
Apartments (5 or more)
Unreliable estimate
24%
21%
19%
Mobile home
Unreliable estimate
2%
6%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses, standing on their own, make up 94% of homes here, against 65% in Tarrant County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Southlake
Tarrant County
Texas
United States
Year built: Southlake and its comparisons
Measure
Southlake
Tarrant County
Texas
United States
Before 1960
Unreliable estimate
13%
12%
26%
1960–1979
Unreliable estimate
20%
21%
24%
1980–1999
58%
31%
28%
25%
2000–2009
18%
19%
18%
14%
2010 or later
19%
17%
21%
11%
The typical home in Southlake was built in 1997, 7 years after the typical one in Tarrant County.
Homes in Southlake are bigger: 97% have 3 bedrooms or more; in Tarrant County, 64%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K4%
$500K–$750K13%
$750K–$1M29%
$1M or more51%
Value of owner-occupied homes: Southlake and its comparisons
Measure
Southlake
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
4%
$500K–$750K
13%
$750K–$1M
29%
$1M or more
51%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or more71%
Monthly rent with utilities: Southlake and its comparisons
Measure
Southlake
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
71%
Owners with a mortgage
62%
Tarrant County: 62%
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Southlake+50%
Tarrant County+72%
Texas+65%
United States+53%
Change since 2015–2019: Southlake and its comparisons
Measure
Southlake
Tarrant County
Texas
United States
Typical home value
+50%
+72%
+65%
+53%
Typical rent
No data
+41%
+34%
+33%
Typical household income
No data
+24%
+27%
+29%
The typical home value in Southlake rose 50% since 2015–2019, less than in Tarrant County (72%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Southlake and its comparisons
Measure
Southlake
Tarrant County
Texas
United States
Rental vacancy
Unreliable estimate
7.7%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
0.9%
1.1%
0.9%
More than one person per room
Unreliable estimate
4.2%
4.8%
3.4%
People per household
3.36
2.73
2.69
2.53
Drive alone
64%
72%
71%
69%
Carpool
5%
10%
10%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
29%
15%
14%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Southlake are bigger: 3.36 people on average; in Tarrant County, 2.73.
In Southlake, 29% of workers work from home, more than in Tarrant County (15%).
Do the math
What would you pay each month for a home in Southlake?
A typical home costs more than the typical income allows
We start with a typical home in Southlake, worth $1,014,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Southlake, which is $250,001 a year. For that payment to be 28% of income, a household would need to earn about $369,413 a year. Note: at that price the loan is above the FHA limit for Tarrant County ($563,500), so FHA would not insure it; the payment is only a reference.
The calculator's FHA and conventional loan limits are those of all of Tarrant County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Southlake. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $35,508 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$8,620
at 7.18% · 30 years
Loan amount
$996,124
Total interest
$1,433,189
Paid off in
November 2056
Includes $17,132 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $5,833 a month
Tight
$5,833 to $7,500 a month
Hard
more than $7,500 a month
Your payment · 41%
Compared with the typical household income in Southlake ($250,001 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$6,748
Property tax
$837
Home insurance
$423
FHA mortgage insurance (MIP)
$612
This loan is over the FHA limit
You'd borrow $978,992, but the FHA limit for a one-unit home in Southlake is $563,500. You'd need a bigger down payment or a different loan.
You need at least $35,508 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $8,620; principal and interest $6,748.
The city and its county
Southlake and Tarrant County
Southlake is in Tarrant County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Southlake
Map of Tarrant County, Texas, with Southlake marked. Around it, the neighboring counties.
Southlake
Tarrant County
Other cities with a page
Southlake's own numbers
Typical home value
$1,014,500
Typical monthly rent
$3,501
Typical yearly household income
$250,001
Households that own their home
95%
Effective property tax rate
0.99%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Tarrant County
FHA limit, one-unit home
$563,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,745
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
0.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Tarrant County.
A typical home in Southlake is worth $1,014,500: 213% above the county and 257% above Texas. With the typical household income in Southlake ($250,001 a year), a typical home costs 4.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Southlake4.1 years
Tarrant3.8 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Tarrant County
According to FHFA’s house price index, home prices in Tarrant County rose 106% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Tarrant County.
Yearly change in FHFA’s price index in Tarrant County, 2016 to 2025
2016: +9.5% +9.5% 2016
2017: +10.6% +10.6% 2017
2018: +7.9% +7.9% 2018
2019: +4.9% +4.9% 2019
2020: +3.1% +3.1% 2020
2021: +14.0% +14.0% 2021
2022: +21.1% +21.1% 2022
2023: +3.2% +3.2% 2023
2024: +1.8% +1.8% 2024
2025: +0.5% +0.5% 2025
Change in FHFA’s price index in Tarrant County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+0.5%
+0.8%
+2.9%
5 years (2020–2025)
+46%
+44%
+47%
10 years (2015–2025)
+106%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Southlake next to Tarrant County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Southlake$1,014,500
Tarrant$323,900
Texas$283,800
United States$332,700
Typical monthly rent
Southlake$3,501
Tarrant$1,547
Texas$1,403
United States$1,413
Typical yearly household income
Southlake$250,001
Tarrant$84,207
Texas$78,476
United States$80,734
See the full table
Southlake next to Tarrant County and Texas
Measure
Southlake
Tarrant County
Texas
U.S.
Typical home value
$1,014,500 ▲213% above the county
$323,900
$283,800
$332,700
Typical monthly rent
$3,501 ▲126% above the county
$1,547
$1,403
$1,413
Typical yearly household income
$250,001 ▲197% above the county
$84,207
$78,476
$80,734
Households that own their home
95% ▲35 points above the county
59%
63%
65%
Typical yearly property tax
$10,001 ▲87% above the county
$5,334
$4,232
$3,119
Effective property tax rate
0.99% ▼0.66 points below the county
1.65%
1.49%
0.94%
Renters with high rent for their income
40% ▼16 points below the county
55%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Tarrant County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Southlake
For a typical $1,014,500 home in Southlake, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Southlake's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$8,620a month
Above the FHA limit for Tarrant County ($563,500)
Down payment
$35,508
Cash to close
$65,943
Rate
7.18%
Mortgage insurance
FHA MIP · $612
Conventional, 5% down$8,271a month
Above the conventional limit for Tarrant County ($832,750): it would be a "jumbo" loan
Down payment
$50,725
Cash to close
$81,160
Rate
7.18%
Mortgage insurance
PMI · $482
Conventional, 20% down, no PMI$6,758a month
Least cash to close
Down payment
$202,900
Cash to close
$233,335
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$7,696a month
Down payment
$152,175
Cash to close
$182,610
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Southlake
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Tarrant County ($563,500)
$8,620
$35,508
$996,125
7.18%
FHA MIP · $612
$65,943
580
Conventional, 5% down Above the conventional limit for Tarrant County ($832,750): it would be a "jumbo" loan
$8,271
$50,725
$963,775
7.18%
PMI · $482
$81,160
620*
Conventional, 20% down, no PMI Least cash to close
$6,758
$202,900
$811,600
7.18%
None
$233,335
620*
ITIN, 15% down (example)
$7,696
$152,175
$862,325
8.18%
None
$182,610
Set by the lender
The option that asks for the least cash to close is Conventional, 20% down, no PMI.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Southlake is $3,501 a month: 126% above the county. In Southlake, 40% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Tarrant County, by unit size. To pay the 2-bedroom one ($1,745 a month) without spending more than 30% of your income, you would need to earn $33.56 an hour working full time.
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 5 HUD-approved agencies with an office in Tarrant County; 4 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Southlake or Tarrant County. The ones below are statewide in Texas: they work in Southlake the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Southlake or Tarrant County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Southlake and all of Tarrant County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Southlake?
The typical home value in Southlake is $1,014,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Tarrant County it is $323,900.
How much does it cost to rent in Southlake?
Typical rent in Southlake is $3,501 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Tarrant County is $1,745.
What is the FHA loan limit in Southlake?
Southlake uses the FHA limit for all of Tarrant County (2026): $563,500 for a one-unit home and $1,083,650 for a four-unit home.
How much property tax do owners pay in Southlake?
The typical homeowner in Southlake pays $10,001 a year, according to the U.S. Census Bureau. That is 0.99% of the home’s value; in Tarrant County, the rate is 1.65%.
Where can I find free help to buy or rent in Southlake?
There are 5 HUD-approved counseling agencies with an office in Tarrant County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
