Carrollton, Texas Housing Market Prices
Carrollton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 81% above the Texas median$469,500
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Median rent 23% above the Texas median$1,727
Housing Market Overview
| Metric | Carrollton | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $469,500 | $258,873 | $248,835 |
| Price Trend (Annual %) | 6.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,727 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carrollton is about 81% higher than in Texas. Rent is about 23% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Carrollton, up about 6.8% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Carrollton rose about 75.1% between 2015 and 2024, from $987 to $1,727. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Carrollton.
Buying the median-priced home in Carrollton costs roughly 22.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carrollton. The price-to-rent ratio in Texas is about 15.4.
| Metric | Carrollton | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $469,500 | $258,873 | $248,835 |
| Median Household Income | $101,790 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carrollton rose about 181.1%, while median household income rose about 47.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Carrollton | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 56.7% | 58.5% |
| Rental Rate | 40.4% | 33.9% | 31.2% |
| Vacancy Rate | 4.4% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Carrollton has a homeownership rate of 55.2%, lower than the Texas average of 56.7%. Its housing vacancy rate is 4.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Carrollton | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1992 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Carrollton was built around 1992. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Carrollton, TX Housing Compared With Nearby Cities
Carrollton, TX is the largest of the 4 cities compared here, 139,254 residents against a local median of 39,219. Carrollton, TX sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is homeownership, 11% above the local median at 57.8% against 51.9%. Carrollton, TX has the 2nd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carrollton, TX | 139,254 | $469,500 #3/4 | $1,727 #3/4 | 57.8% #2/4 |
| Farmers Branch, TX | 29,458 | $592,335 | $1,818 | 51.9% |
| Coppell, TX | 39,219 | $423,989 | $1,963 | 65.7% |
| Lewisville, TX | 128,135 | $511,348 | $1,667 | 47.4% |
Frequently Asked Questions
Common questions about the housing market in Carrollton, Texas.
What is the median home price in Carrollton, Texas?
The median home price in Carrollton, Texas is $469,500, higher than the Texas average of $258,873.
What is the average home price in Carrollton, Texas?
The typical home price in Carrollton, Texas, reported as the median sale price, is $469,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Carrollton, Texas?
The median gross rent in Carrollton, Texas is $1,727 per month, higher than the Texas average of $1,402.
What was the median gross rent in Carrollton in 2020?
In 2020, the median gross rent in Carrollton, Texas was $1,278 per month.
What is the price-to-rent ratio in Carrollton, Texas?
The price-to-rent ratio in Carrollton, Texas is about 22.7, meaning it would take roughly 22.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carrollton.
Are home prices or rent rising faster in Carrollton, Texas?
Both home prices and rent are rising in Carrollton, up about 6.8% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carrollton, Texas?
55.2% of households in Carrollton, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Carrollton, Texas?
The housing vacancy rate in Carrollton, Texas is 4.4%, lower than the Texas average of 9.4%.
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