Rent vs. Buy

Here's how much money homeowners save over renters in Dallas

It pays to own instead of rent.

Photo courtesy of AmCap

We already know how many years it takes to save up a down payment for a home in Dallas, but getting that money together equals even bigger savings down the road than previously thought.

A recent study by real estate site Zillow ran the numbers in 36 of the largest U.S. metros and compared how much Americans spend on rent compared to mortgage payments, and the news for Texas homeowners is especially good. In Dallas-Fort Worth, homeowners spend 11.6 percent less on their monthly housing than renters do, representing one of the biggest gaps in the country.

According to Zillow, the median monthly mortgage bill (minus taxes and insurance) in Dallas-Fort Worth is only $965.74, which translates to a homeowner spending only 16.4 percent of their income on their home. Renters, however, shell out 28 percent of their income on rent.

In Houston, homeowners spend 14.8 percent of their income on an average mortgage payment of $814.05, compared to the residents who spend 28.7 percent of their earnings on rent — a difference of 13.9 percent.

There's a 12.3 percent difference in San Antonio, where homeowners spend 15.7 percent of their income on an average mortgage of $766.37, compared to renters who sign away 28 percent of their income each month.

Austin, however, has the smallest gap at 7.4 percent, with homeowners spending 19.2 percent of their income on a $1,230.13 mortgage, while renters pay 26.6 percent of their income.

The country's biggest discrepancies can be found in New Orleans and Miami-Fort Lauderdale, Florida, which tied at a 16.9 percent gap. In the Miami area, homeowners spend 23.8 percent of their earnings on a $1,122.56 mortgage bill, while renters spend 40.7 percent of their income on rent. In New Orleans, paying the mortgage sets homeowners back only 15.8 percent of their income, compared to 32.7 percent of a renters.

Meanwhile, San Jose and San Francisco in California have gaps going in the opposite direction. Homeowners in San Jose spend 45.8 percent of their income on their $4,766.46 mortgage, while renters spend 34.2 percent — an 11.6 percent gap. And homeowners in San Francisco spend 41.6 percent of their income on a $3,741.22 mortgage bill, while renters spend 38.3 percent, for a difference of 3.3 percent.

Now, the original intent of this Zillow study was to see what level of education is typically needed to afford owning a home in each market, but we found the mortgage and rent numbers way more interesting. But if you're still wondering, a high school diploma or GED is all that's needed in each Texas city.

reports rent zillow

HAUTE PROPERTIES

Texas Hill Country ranch tied to George Strait lists for $19.5 million

Lone Woman Ranch, the Hill Country estate where country stars like George Strait, George Jones, and the Ace in the Hole Band rehearsed, is up for sale for $19.5 million.

Located on 675 acres in Hays County, just south of Austin, the secluded ranch once served as an artistic getaway for emerging Texas artists. The property, listed by Republic Ranches, is named after the nearby Lone Woman Mountain, and its elevation provides an incredible view of the county. On a clear day, you can see all the way to downtown Austin.

The land comes with two residences, both built near the entrance gate. The primary stone house has original hardwood floors, a recently remodeled kitchen and bathrooms, as well as a new HVAC system. The secondary residence was used as a rehearsal space. Both have had long-term residents who made improvements, and both have their own septic systems, wells, and electric meters.

The real appeal of Lone Woman Ranch, however, is the extensive woods, creeks, and natural setting. It is situated next to 6,000 acres of conservation land, including Storm Ranch.

Two fully stocked ponds — a 4-acre and a 1-acre — are located onsite. Runoff from the larger pond creates picturesque seasonal limestone waterfalls. The surrounding woods are full of wildlife, including white-tailed deer, turkeys, doves, and more, and the property is under wildlife exemption.

The entire mountain is included in the property, making it a veritable mini-kingdom for the owner, with unobstructed privacy on three sides. A network of ranch roads provides access throughout the property, including most of the way up Lone Woman Mountain, giving views around every corner.

It's little wonder the ranch was a muse to so many country musicians. But only Strait can tell you whether his 1996 hit "King of the Mountain" was inspired by the ranch.

Photo courtesy of Republic Ranches

Lone Woman Ranch has ties to country music stars.

ranches hill country hays county celebrities george strait george jones listings

Rent vs. Buy

Here's how much money homeowners save over renters in Dallas

HAUTE PROPERTIES

Texas Hill Country ranch tied to George Strait lists for $19.5 million

Taylor Sheridan sets new 'Frisco King' series in buzzy Dallas suburb

Dallas stars as one of the 10 best cities for filmmakers in 2026

3 Dallas eateries make Texas Monthly's 2026 best new restaurants list