Median Home Price
$303,489.84
Median Rent
$1,635.42/mo
Price-to-Rent Ratio
15.5
Property Tax RateTIE
1.80%
Price Change (1Y)
-4.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$164,574
Median Home PriceBETTER
$163,787.22
Median RentBETTER
$1,182.85/mo
Price-to-Rent RatioBETTER
11.5
Property Tax RateTIE
1.80%
Price Change (1Y)BETTER
-0.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$46,710
Key Differences
Home Prices
Dallas's median home price of $303,489.84 is higher than Wichita Falls's $163,787.22 by 85%.
Monthly Rent
Renting in Dallas costs $1,635.42/mo compared to $1,182.85/mo in Wichita Falls—a difference of $452.57/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.