What to know before you move: cost, market timing, who it fits.
If you're considering a move to Southlake, TX, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Southlake is a city in Tarrant County, Texas, with an estimated population of 31,500. It anchors the Dallas-Fort Worth-Arlington metro area. The median home value in Southlake is $1,313,920 as of 2026-04, up 2.5% over the last 12 months. Over the last five years, home values have averaged +9.0% annual growth, with prices at or near the 5-year peak. Rents in Southlake average $6,092 per month. The composite momentum score is 72 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-0.0% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- Multi-year compounder: home values up an average 9.0% per year over the last 5 years — sustained, not a one-year pop.
- Quiet strength: +2.5% over the trailing year — not a melt-up, but the market is bid.
- Held the highs: currently -0.0% from the 5-year peak — this market refused to give back gains.
Things to know first
- Premium territory: $1,313,920 median home is a high bar to clear — affordability constrains the buyer pool.
- Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.
More about Southlake
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.