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Southlake, TX

Full City Profile · Texas · Tarrant County County

3.9 /5.0
B+ Good
31,044 Population 1,421/sq mi density
$250,001 Median Income $117,219 per capita
$957,500 Home Value $1,274,599 Zillow
$3,501 Median Rent 29.0% income on rent
65°F Avg Temperature 330 sunny days/yr
30 Violent Crime/100K 1,171 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$250,001 median income, 1.9% unemployment
A+
Affordability
4.5 / 5.0
$957,500 home value, $3,501/mo rent
F
Safety
1.0 / 5.0
30 violent crimes/100K
A+
Education
5.0 / 5.0
74.7% bachelor's degree or higher

Housing Overview

Median Home Value
$957,500
240% above
US avg: $281,900
Median Rent
$3,501/mo
201% above
US avg: $1,163/mo
Homeownership Rate
95.5%
46% above US avg (65.4%)
Total Housing Units
9,738
Median year built: 1997

Home Value by Source

Census Median
$957,500
Zillow (ZHVI)
$1,274,599
Median Sale Price
$1,273,125
Median List Price
$1,375,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

95.5%
Owner-Occupied
4.5%
Renter-Occupied
96%
5%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent: $3,501/mo

Market Indicators (Redfin)

Median Days on Market
50 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
30
Price Drops
14.7%
of listings with price reduction
Price Per Sq Ft
$334
Active Inventory
102
homes for sale

Affordability & Housing Stock

Rent Burden
29.0%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
95.5%

Complete Housing Data

Home Values

Census Median Value$957,500
Zillow Home Value (ZHVI)$1,274,599
Median Sale Price$1,273,125
Median List Price$1,375,000
Price Per Sq Ft$334

Rent

Census Median Rent$3,501
FMR Studio$887
FMR 1-Bedroom$935
FMR 2-Bedroom$1,149
FMR 3-Bedroom$1,497
FMR 4-Bedroom$1,733

Market

Days on Market50
Sale-to-List Ratio1.0%
Price Drops14.7%
Homes Sold30
Active Inventory102
Price Per Sq Ft$334

Ownership & Stock

Owner-Occupied95.5%
Renter-Occupied4.5%
Homeownership Rate95.5%
Total Housing Units9,738
Median Year Built1997
Rent Burden29.0%