Affordability evidence
DeSoto, TX home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for DeSoto, TX.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
Start with the dated local finding: In DeSoto, TX, the 2024 ACS reports a median owner-occupied home value of $319,400, median household income of $82,782, and median selected monthly owner costs of $2,119 for owners with a mortgage. Together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,119 measure combines recurring ownership expenses rather than real estate taxes alone. For borrower planning, a useful affordability review starts with $319,400, $82,782, and $2,119, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
DeSoto, TX's $319,400 median home-value estimate is above the statewide $283,800 estimate, with a reported city-to-state gap of 12.5%. That 12.5% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in DeSoto, TX.