Market Overview
Home Prices in Southlake, TX
The median home value in Southlake, TX is $1,339,502 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Southlake are priced227% above average. Southlake is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, Southlake home values have risen by approximately44.7%, reflecting strong long-term appreciation in this market.
Price History
Southlake Home Price Trend
City Comparison
Southlake vs. National Median
At $1,339,502, homes in Southlake cost 227% above the national median of $410,000. Buyers in Southlake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Southlake?
20% Down Payment
$267,900
on $1,339,502
Monthly P&I
$6,986/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,872/mo
incl. taxes & insurance
Income Needed
$354,880
gross annual (30% rule)
10% Down Option
$133,950
+ PMI applies
Loan Amount (20% dn)
$1,071,602
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 Southlake, TX?
The median home value in Southlake is $1,339,502 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Southlake?
Over the past year, home values in Southlake have increased by 2.4%. Over five years, prices have risen approximately 44.7%.
How much do I need to earn to buy a home in Southlake?
To comfortably afford the median home price of $1,339,502 with a 20% down payment ($267,900) at today's rates (6.8%), you'd need a gross annual income of approximately $354,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Southlake compare to the national average home price?
The national median home value is approximately $410,000. At $1,339,502, homes in Southlake are 227% above the national average.
What metro area is Southlake part of?
Southlake is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.