Heterozygous mutations of the cardiac transcription factor Nkx2‐5 cause congenital heart disease. To elucidate the molecular pathways of transcription factor mutant phenotypes or diseases, direct targets are commonly sought in studies of homozygous null mutant animals and by heterologous promoter‐reporter gene transactivation assays. The expression of putative target genes in a physiologic range of transcription factor concentration, however, is often not examined. Heterozygous Nkx2‐5 knockout (Nkx2‐5^+/−) mice have no more than half‐normal levels of Nkx2‐5 protein. We therefore measured the mRNA expression of four putative targets of the cardiac transcription factor Nkx2‐5 in wild‐type and Nkx2‐5^+/− animals in a variety of developmental and pathologic states. Wild‐type and Nkx2‐5^+/− embryonic hearts expressed similar levels of atrial natriuretic factor (ANF), brain natriuretic peptide (BNP), the RNA helicase Csm, and homeodomain only protein HOP. In the failing adult ventricle, ANF and BNP were up‐regulated to the same extent in wild‐type and Nkx2‐5^+/− myocardium. Csm and HOP were down‐regulated in heart failure, and Nkx2‐5^+/− hearts expressed about half‐normal levels in healthy and failing states. No consistent relationship existed between the expression of putative transcriptional targets and Nkx2‐5 gene dosage in the physiologically relevant range. Any dependence of gene expression on Nkx2‐5 gene dosage is affected by factors specific to the individual gene and the physiologic context.