Cost of living in Grand Prairie, TX — Housing, Rent & Index

The median home value in Grand Prairie, TX is $318,759 as of 2026-04. That places Grand Prairie below the US average for housing cost, with a cost index of approximately 90 versus a national baseline of 100.

Over the past 12 months, the median home value in Grand Prairie has fallen 2.3%, and over the past five years it has averaged +4.2% annual growth. The current price sits -5.7% from its 5-year peak in 2022-08.

Renters pay a median of $1,617 per month in Grand Prairie. Rents have changed -0.0% over the last year and averaged +3.7% per year over five years.

Beyond housing, day-to-day costs in Grand Prairie are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.