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    More home for less money

    Here’s how much house you can buy in Dallas for $250,000

    John Egan
    Jul 15, 2020 | 10:49 am
    Home for sale sold sign
    Dallas offers a pretty good bang for your buck among Texas' major metro areas.
    Photo by Ariel Skelley/Getty

    As Texas' popularity grows, so does cost of living in the cities seeing population booms. And a new study shows just how much bang for your buck you can get in each major metro area.

    A study released July 7 by the PropertyShark real estate website shows that $250,000 will get Dallas buyers a 1,722 square-foot house. And while that's not nearly as much as you'd get in San Antonio (2,503 square feet) or Houston (2,318 square feet), it sure beats Austin, where buyers get a mere 1,139 square feet for the same price.

    While Austin’s position in the PropertyShark study is worse than every other big city in Texas, it’s considerably better than places like New York City, San Francisco, and Los Angeles. In Manhattan, $250,000 would enable you to buy a home the size of a hotel room — 232 square feet. The situation isn’t much better in San Francisco, where $250,000 would get you a 269-square-foot home. In Los Angeles, that dollar amount would let you purchase a 524-square-foot home.

    PropertyShark’s data includes single-family homes, duplexes, condos, and townhouses.

    “In the country’s most populated cities with more than 900,000 residents, the difference in price per square foot between coastal cities and Texas cities is miles apart,” PropertyShark notes. “As expected, vast Texas leads the way in providing the most space for the lowest price. In fact, in every Texas city we analyzed, $250,000 will buy more than 1,000 square feet.”

    In DFW, Arlington is the city where buyers can get the most bang for their buck — 2,240 square feet, the survey says. Arlington is on a roll. In a recent SmartAsset report of the best 25 big cities in the United States to buy an affordable family home, the city ranked sixth in the country and No. 1 in DFW.

    Here’s how all the cities in Texas’ four largest metro areas — including DFW —compared when it comes to the amount of space you can score for $250,000:

    • San Antonio, 2,503 square feet
    • Houston, 2,318 square feet
    • Arlington, 2,240 square feet
    • Garland, 2,218 square feet
    • Fort Worth, 2,109 square feet
    • Irving, 2,072 square feet
    • Dallas, 1,722 square feet
    • Plano, 1,657 square feet
    • Austin, 1,139 square feet

    Looking at the country’s 100 largest cities, San Antonio ranks 15th nationwide for the amount of square footage available for $250,000. Detroit sits atop the list. There, you can buy a 5,407-square-foot home for $250,000, PropertyShark says.

    All four major metro areas enjoyed robust home sales volume in 2019.

    In Dallas-Fort Worth, single-family home sales totaled 103,261 last year, up 3 percent from 2018, the Texas Association of Realtors says.

    “Dallas-Fort Worth winds up with record sales again,” James Gaines, chief economist at Texas A&M University’s Real Estate Center, said in January, in pre-pandemic times, of course. “The Dallas side of the Metroplex was actually a little better than Fort Worth.”

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    news/real-estate

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    Moving north

    $1.5 billion development with working farm takes root in booming Anna

    John Egan
    Mar 27, 2026 | 10:30 am
    Anna, Texas
    Facebook/Anna
    Anna is a fast-growing city north of Dallas.

    The fast-growing Dallas-Fort Worth suburb of Anna, once a small farming community, is poised for even more population growth with the addition of a $1.5 billion master-planned community.

    Real estate investment firm Tellus Group broke ground Wednesday, March 25, on the more than 970-acre project, called Sherley Farms. Tellus is marketing the development, located in Collin County, as a wellness-focused, master-planned community with about 3,000 homes and an actively managed organic farm.

    First-phase homebuilders are Bloomfield Homes, DRB Homes, Drees Custom Homes, Highland Homes, Homebound, Olivia Clarke Homes, and Perry Homes. The initial model homes will be finished in the spring of 2027.

    The Sherley Farms site is five minutes from U.S. Highway 75 and near downtown Anna, which ranked fifth among U.S. cities for population growth from 2023 to 2024. As of July 1, 2024, Anna’s population stood at 31,986, up 14.6 percent from the same date in 2024 and up 183 percent from 2016. Anna’s population is projected to hit 100,000 by 2050.

    One standout aspect of the project will be a 65-acre organic farm that supplies fresh produce. Tellus says the “working” farm will serve as an “agricultural anchor and gathering place.”

    “Sherley Farms reflects our belief that the future of community development is rooted in wellness, connection, and a deep respect for the land,” says Craig Martin, founding partner and CEO of Tellus Group.

    Sherley Farms Facebook/Sherley Farms

    Anna started as a farming community in 1883. But in recent years, it has transformed into a rapidly growing suburb with more than 7,700 households as of 2024.

    Aside from homes, the first phase of Sherley Farms will include an amenity center with a resort-style pool and a portion of the planned green space.

    “Sherley Farms is a meaningful investment in Anna’s future, expanding our tax base, attracting new residents, and driving long-term economic growth,” says Kevin Toten, Anna’s mayor pro tem. “This project will generate new economic activity, support local businesses, and strengthen Anna’s position as a destination for high-quality development in North Texas.”

    In addition to Sherley Farms, Tellus is developing the Mosaic master-planned community in Celina, the Mirabella gated community in Prosper, and the Meraki master-planned community in Forney. Tellus was the principal developer of the $3 billion Windsong Ranch master-planned community in Prosper.

    dallas suburbsannamaster-planned communitydevelopment
    news/real-estate

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