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    Unlocking affordability

    Here's how much house you can get for $350,000 in Dallas, says new report

    John Egan
    Apr 19, 2022 | 9:58 am
    924 S Brighton Ave, Dallas home for sale
    This 1,568-square-foot Dallas home is on the market for $350,000.
    Estately.com

    When it comes to buying a home that supplies the most space for the price, you don't get quite as much in Dallas proper as you do in some of its largest suburbs, a new study indicates.

    For the study, real estate platform RealtyHop looked at how much square footage a homebuyer could get for a median price of $350,000 in the country’s 100 largest cities.

    The study found that in Dallas, a buyer could pick up a 1,574 square foot home for $350,000, or $222.36 per square foot.

    But in Plano, that size goes up to 1,741 square feet, or $201.03 per square foot. In Irving, it's 1,769 square feet, or $197.81 per square foot. In Garland, it's a whopping 2,013 square feet, $173.91 per square foot.

    Across county lines, in Tarrant, buyers in Fort Worth can get 2,204 square feet ($172.92 per square foot) and in Arlington, they can get 2,056 square feet ($170.26 per square foot).

    Note that the median home size in Texas is around 2,000 square feet.

    To contrast with other large and fast-growing cities in Texas, the study found that in Houston, a buyer could pick up a 1,804-square-foot home for $350,000, or $194.06 per square foot. Whereas, in Austin, they get only a tiny 1,056-square-foot home ($332.10 per square foot).

    RealtyHop cites Houston and San Antonio (2,116 square feet, $165.38 per square foot) as two of the standouts in the U.S. for affordable housing.

    Nationally, San Francisco tops the list of least affordable cities. There, $350,000 will get you a measly 349 square feet of space ($1,003.18 per square foot). At the other end of the spectrum, that sum will get you the most space (4,769 square feet, close to the size of a small mansion) in Detroit. That adds up to just $73.39 per square foot.

    “For many, the tradeoff between space and cost is a deciding factor on where they choose to settle down. Should you buy a tiny studio in Manhattan or a large townhouse in Atlanta?” RealtyHop observes. “The reality is that living in certain places often means downsizing your expectations.”

    Here’s what $350,000 will buy you in the largest cities in Texas, according to RealtyHop:

    • Austin, 1,056 square feet, $332.10 per square foot.
    • Dallas, 1,574 square feet, $222.36 per square foot.
    • Plano, 1,741 square feet, $201.03 per square foot.
    • Irving, 1,769 square feet, $197.81 per square foot.
    • Houston, 1,804 square feet, $194.06 per square foot.
    • Garland, 2,013 square feet, $173.91 per square foot.
    • Fort Worth, 2,204 square feet, $172.92 per square foot.
    • Arlington, 2,056 square feet, $170.26 per square foot.
    • Corpus Christi, 2,092 square feet, $167.27 per square foot.
    • San Antonio, 2,116 square feet, $165.38 per square foot.
    • El Paso, 2,742 square feet, $127.65 per square foot.
    • Laredo, 2,842 square feet, $123.13 per square foot.
    • Lubbock, 3,569 square feet, $98.07 per square foot.
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    news/real-estate
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    millennial magnet

    Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 11:16 am
    Millennial movers, moving
    Photo by Vitaly Gariev on Unsplash
    Dallas is one of the 15 hottest destinations for millennials.

    Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

    The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

    "The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

    Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
    rentcafestudyreal estatehousing reportmillennialsdallas
    news/real-estate
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