Market Overview
Home Prices in Terrell, TX
The median home value in Terrell, TX is $284,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.6% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Terrell are priced31% below average. Terrell is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, Terrell home values have risen by approximately17.7%, reflecting steady appreciation in this market.
Price History
Terrell Home Price Trend
City Comparison
Terrell vs. National Median
At $284,131, homes in Terrell cost 31% below the national median of $410,000. This makes Terrell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Terrell?
20% Down Payment
$56,826
on $284,131
Monthly P&I
$1,482/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,882/mo
incl. taxes & insurance
Income Needed
$75,280
gross annual (30% rule)
10% Down Option
$28,413
+ PMI applies
Loan Amount (20% dn)
$227,305
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 Terrell, TX?
The median home value in Terrell is $284,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.6% year-over-year.
How much have home prices changed in Terrell?
Over the past year, home values in Terrell have decreased by 1.6%. Over five years, prices have risen approximately 17.7%.
How much do I need to earn to buy a home in Terrell?
To comfortably afford the median home price of $284,131 with a 20% down payment ($56,826) at today's rates (6.8%), you'd need a gross annual income of approximately $75,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Terrell compare to the national average home price?
The national median home value is approximately $410,000. At $284,131, homes in Terrell are 31% below the national average.
What metro area is Terrell part of?
Terrell is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.