DeSoto, Texas Housing Market Prices
DeSoto 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 63% above the Texas median$421,914
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Median rent 20% above the Texas median$1,684
Housing Market Overview
| Metric | DeSoto | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $421,914 | $258,873 | $248,835 |
| Price Trend (Annual %) | 13.0% | 9.2% | 7.5% |
| Median Gross Rent | $1,684 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DeSoto is about 63% higher than in Texas. Rent is about 20% 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 DeSoto, up about 13.0% and 6.8% a year respectively. Home prices are changing faster.
Median rent in DeSoto rose about 74.6% between 2015 and 2024, from $964 to $1,684. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in DeSoto.
Buying the median-priced home in DeSoto costs roughly 20.9 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 DeSoto. The price-to-rent ratio in Texas is about 15.4.
| Metric | DeSoto | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $421,914 | $258,873 | $248,835 |
| Median Household Income | $83,048 | $78,939 | $80,455 |
| Price-to-Income Ratio | 5.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in DeSoto rose about 145.7%, while median household income rose about 32.0% 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 | DeSoto | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.2% | 56.7% | 58.5% |
| Rental Rate | 28.1% | 33.9% | 31.2% |
| Vacancy Rate | 4.7% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
DeSoto has a homeownership rate of 67.2%, higher than the Texas average of 56.7%. Its housing vacancy rate is 4.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | DeSoto | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.76 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1994 | 1990 | 1978 |
| Median Number of Rooms | 6.6 | 5.4 | 5.5 |
The typical housing unit in DeSoto was built around 1994. On average, 2.8 people live in a home with about 6.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in DeSoto, Texas.
What is the median home price in DeSoto, Texas?
The median home price in DeSoto, Texas is $421,914, higher than the Texas average of $258,873.
What is the average home price in DeSoto, Texas?
The typical home price in DeSoto, Texas, reported as the median sale price, is $421,914. 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 DeSoto, Texas?
The median gross rent in DeSoto, Texas is $1,684 per month, higher than the Texas average of $1,402.
What was the median gross rent in DeSoto in 2020?
In 2020, the median gross rent in DeSoto, Texas was $1,222 per month.
What is the price-to-rent ratio in DeSoto, Texas?
The price-to-rent ratio in DeSoto, Texas is about 20.9, meaning it would take roughly 20.9 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 DeSoto.
Are home prices or rent rising faster in DeSoto, Texas?
Both home prices and rent are rising in DeSoto, up about 13.0% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in DeSoto, Texas?
67.2% of households in DeSoto, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in DeSoto, Texas?
The housing vacancy rate in DeSoto, Texas is 4.7%, lower than the Texas average of 9.4%.
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