Market Overview
Home Prices in Grand Prairie, TX
The median home value in Grand Prairie, TX is $319,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.7% compared to a year ago and down 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grand Prairie are priced22% below average. Grand Prairie is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, Grand Prairie home values have risen by approximately17.9%, reflecting steady appreciation in this market.
Price History
Grand Prairie Home Price Trend
City Comparison
Grand Prairie vs. National Median
At $319,091, homes in Grand Prairie cost 22% below the national median of $410,000. This makes Grand Prairie a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grand Prairie?
20% Down Payment
$63,818
on $319,091
Monthly P&I
$1,664/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,113/mo
incl. taxes & insurance
Income Needed
$84,520
gross annual (30% rule)
10% Down Option
$31,909
+ PMI applies
Loan Amount (20% dn)
$255,273
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grand Prairie, TX?
The median home value in Grand Prairie is $319,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.7% year-over-year.
How much have home prices changed in Grand Prairie?
Over the past year, home values in Grand Prairie have decreased by 1.7%. Over five years, prices have risen approximately 17.9%.
How much do I need to earn to buy a home in Grand Prairie?
To comfortably afford the median home price of $319,091 with a 20% down payment ($63,818) at today's rates (6.8%), you'd need a gross annual income of approximately $84,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Grand Prairie compare to the national average home price?
The national median home value is approximately $410,000. At $319,091, homes in Grand Prairie are 22% below the national average.
What metro area is Grand Prairie part of?
Grand Prairie is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.