Market Overview
Home Prices in Paradise, TX
The median home value in Paradise, TX is $458,503 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paradise are priced12% above average. Paradise is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, Paradise home values have risen by approximately20.8%, reflecting strong long-term appreciation in this market.
Price History
Paradise Home Price Trend
City Comparison
Paradise vs. National Median
At $458,503, homes in Paradise cost 12% above the national median of $410,000. Buyers in Paradise should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Paradise?
20% Down Payment
$91,701
on $458,503
Monthly P&I
$2,391/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,037/mo
incl. taxes & insurance
Income Needed
$121,480
gross annual (30% rule)
10% Down Option
$45,850
+ PMI applies
Loan Amount (20% dn)
$366,802
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 Paradise, TX?
The median home value in Paradise is $458,503 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Paradise?
Over the past year, home values in Paradise have decreased by 0.7%. Over five years, prices have risen approximately 20.8%.
How much do I need to earn to buy a home in Paradise?
To comfortably afford the median home price of $458,503 with a 20% down payment ($91,701) at today's rates (6.8%), you'd need a gross annual income of approximately $121,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Paradise compare to the national average home price?
The national median home value is approximately $410,000. At $458,503, homes in Paradise are 12% above the national average.
What metro area is Paradise part of?
Paradise is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.