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This is how many million-dollar homes there are in Dallas-Fort Worth, study says

7119 Shook, Lakewood, Dallas home for sale

This modern home in Dallas' prestigious Lakewood neighborhood is on the market for $1.65 million.

As a testament to the soaring home prices across Texas, four major metro areas around the state have made a new list of the top 50 U.S. cities with the greatest share of homes valued at $1 million or more.

Dallas-Fort Worth ranks No. 20 nationwide, and third in Texas behind Austin (No. 11) and Houston (No. 16). San Antonio comes in at No. 34.

An analysis of U.S. Census Bureau data by lending marketplace LendingTree found the share of owner-occupied homes in the Dallas-Fort Worth area valued at $1 million or more stands at 1.94 percent.

That adds up to 29,509 homes at or above the $1 million mark in DFW, soaring high above the area's median home price of $215,700, LendingTree reports.

By comparison, the report found 11th-ranked Austin has 14,226 owner-occupied homes valued at $1 million or more, or 3.52 percent. The median home price there is $281,500, according to LendingTree.

(It's worth nothing that the data from this study comes from the U.S. Census Bureau’s 2019 American Community Survey with five-year estimates, the latest survey available at the time of this study’s writing, the authors say.)

"For most Americans, the idea of paying $1 million or more for a house may seem excessive, especially considering that the national median value of an owner-occupied home is less than a quarter of that amount," the report says. "However, million-dollar houses are quite common in some parts of the country. And as the housing market continues to heat up, even more million-dollar homes are being listed for sale."

Here’s how Texas’ other major metro areas fared in the LendingTree analysis:

Houston ranked 16th, with 2.26 percent of owner-occupied homes valued at $1 million or more (32,167 homes total).
San Antonio ranked 34th, with 1.19 percent of owner-occupied homes valued at $1 million or more (6,037 homes total).

San Jose, California, topped the LendingTree list, with 47.29 percent of owner-occupied homes valued at $1 million or more. On the other end of the spectrum, Buffalo, New York had the lowest share of million-dollar homes, at 0.54 percent.

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homebuying news

Texas ranks among the top 20 markets for homebuyers under 35

Photo by Vitaly Gariev on Unsplash

In 2025, Texas had more mortgage applicants under 35 years old than any other state in the country, the report found.

The Lone Star State is emerging as a top destination for young adult homebuyers, a new report has confirmed, with nearly 23 percent of all mortgage applications submitted by individuals under 35 years old.

Texas ranked No. 18 in SmartAsset's new study, "Where Young Adults are House Hunting," making it one of the most sought-after U.S. states "where the next generation of homeowners may be gaining the strongest foothold."

To determine where younger Americans are most actively pursuing homeownership, SmartAsset's analysts examined mortgage application data in all 50 states in 2025, and calculated the share of applications filed by buyers younger than 35 relative to all applicants.

A total 259,737 Texas homebuyers under 35 submitted mortgage applications in the last year alone — making Texas the state with the highest number of young adult applications in the country.

California and Florida, respectively, had the second- and third-highest numerical rate of young adult homebuyers with 170,434 and 159,429 applications in each state. But they still ranked at the bottom of the national list with the lowest percentage of young adult applications relative to all applicants in 2025 — at 14.7 and 14.8 percent.

North Dakota leads the nation as the top state for young homeowners with over 28 percent of all mortgage applications in 2025 submitted by homebuyers under 35, making up 6,551 applications.

SmartAsset also revealed something many homeowners might already know: younger Americans are more likely to pursue homeownership in states with lower housing costs.

"In each of the four states with the highest share of mortgage applications from adults younger than 35, the typical home value is less than $300,000: North Dakota (No. 1), West Virginia (No. 2), Nebraska (No. 3) and Iowa (No. 4)," the report's author wrote.

In Texas, the typical home is worth $302,187, which is the 18th highest in the U.S. Meanwhile, West Virginia and Mississippi are the only two states with home values under $200,000, the lowest nationwide.

Young potential homebuyers looking for a home in Dallas need to make about $83,000 to afford a starter home. Many surrounding suburbs also have high appeal for first-time homebuyers, such as McKinney and Plano, which offer a high quality of life for homeowners that want to start a family.

High home prices aren't the only challenges keeping young Americans from becoming homeowners, the report said. Other challenges like high interest rates and limited supply are also plaguing would-be homebuyers.

"According to a recent Pew Research Center survey, nearly 9 in 10 younger Americans say it is harder for them to buy a home than it was for their parents," the report said. "Nonetheless, younger buyers continue to aspire to homeownership, navigating an uneven landscape of affordability and opportunity."

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